The reason: NextEra Energy can be considered two companies in one. The company, they said, not only has the size to commit to a larger project, it has the experience to handle the inevitable issues that will arise. To be sure, NextEra officials also are eager to point to their past performances as a reason to be selected. “Offshore wind is going to be what the state needs to meet a lot of its renewable goals,” she said. She’s confident NextEra’s push to go all-in is the right one for the state. “I think the state’s got to pick: Do you want to buy something now that just solves the immediate round solicitations - or do you want to think a little bit further into the future,” he said.īecky Walding, the executive director of development at NextEra Energy Transmission, agreed. Matt Valle, president of NextEra Energy Transmission - a subsidiary of NextEra Energy. Matt Valle, president of NextEra Energy Transmission - a subsidiary of NextEra Energy - views it this way. NextEra officials, who feel the state has positioned itself to be the leader in this sector, said New Jersey should act now to maintain that advantage for years and decades to come by building the biggest transmission system possible. In the simplest of New Jersey analogies, NextEra is suggesting building a turnpike of transmission that will not need to be widened down the line - a widening process that will prove far more costly and far more disruptive to the environment and local communities than doing it all once at the start. Phil Murphy’s green energy goals - NextEra Energy is believed to be the only one that has proposed a transmission system capable of handling nearly 12,000 MW. While the state asked all respondents to provide a plan that would be able to transmit 7,500 megawatts of energy from offshore by 2035 - in line with Gov. They feel their proposals are different from the 80 combined ideas the 13 companies collectively have submitted, for one simple reason: their view of the future. And, since its business model is to win bids across the country, rather than simply to earn awards based on its dominant place in a geography, NextEra Energy has experience with - and attention to - cost containment.īut NextEra officials are not relying on past performance to win arguably the most important Request for Proposals in the state’s quest to become the East Coast leader in wind energy production.NextEra Energy easily is the most experienced

As the operators of a similar project off the coast of the San Francisco Bay - and approximately 75% of all such projects in the U.S.With a market cap of $149 billion, NextEra Energy easily is the largest of the 13 firms that are bidding for the job.There are plenty of reasons why NextEra Energy should be considered a strong contender to be selected to build the multibillion-dollar transmission project that will bring the energy created by offshore wind turbines onto the land, and thus make it available for use.

Roi transmit