1. NextEra Energy NEP
NextEra Energy is a major renewable energy company. It operates the largest electric utility in Florida and also has a large-scale energy resources business.
NextEra Energy Resources is one of the largest producers of wind power in the world. As of late 2022, it had 20 gigawatts (GW) of operating wind generation capacity when including its investment in NextEra Energy Partners (NEP 0.74%) -- enough to power more than 13.5 million homes. Overall, 67% of its subsidiary’s generation capacity is wind energy.
The company is an active developer of new wind energy projects. It expects to build as much as 10.7 GW of new wind energy capacity by 2025. In addition, it has up to 800 megawatts (MW) of wind repowering projects in its pipeline. These investments replace older wind turbines with newer, larger ones capable of generating more electricity. NextEra Energy is also a leader in using battery storage to help reduce the intermittency of its wind and solar energy assets.
Although not a pure wind energy play, NextEra is a leader in the sector, making it a solid option to consider. It also has an excellent track record of increasing shareholder value, including its dividend
NEP
NextEra Energy Partners LP
23.26
0.17 (0.74%)
Volume: 1,714,565
Day Range: 22.44 - 23.50
Last Trade Time: 7:58:23 PM EST