California set for solar, storage surge in zonal grid plan [Reuters]
NextEra Energy, Inc. (NEE)
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Source: Reuters
State grid operator CAISO proposes to invest $6.1 billion in 26 grid improvements to connect new renewable energy projects by 2035, it said. The draft plan will support 38 GW of new solar capacity, in areas such as the Westlands area in the Central Valley and areas in the south near the city of Tehachapi, Kramer in San Bernardino County and Riverside County, as well as in southern Nevada and western Arizona. Most of these grid projects involve upgrading existing grid infrastructure, such as installing transformers or stringing new conductors to existing towers. Report this ad The grid plan represents a second instalment of forward bulk transmission planning, to provide greater clarity to developers and reduce future connection delays. The grid projects would be completed over the next 8 to 10 years at a predicted lifetime cost of 0.5 cents/kWh. The majority of the grid investments would be used to facilitate 4.7 GW of new floating wind projects, CAISO noted. Almost all new so
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NEE
Earnings
- 4/24/24 - Beat
NEE
Sec Filings
- 5/1/24 - Form PX14A6G
- 4/5/24 - Form 4
- 4/1/24 - Form ARS
- NEE's page on the SEC website