Utility Dive
Summary
NextEra’s plan to eliminate its scope 1 and scope 2 carbon emissions is the most ambitious greenhouse gas reduction plan in the energy sector, according to the Juno Beach, Florida-based company.
Under its “Real Zero” plan, NextEra aims to cut its carbon emissions from 2005 levels by 70% by 2025, 82% by 2030, 87% by 2035 and 94% by 2040 before hitting zero emissions in 2045, without the use of carbon offsets.
In part, the plan centers on the low cost of wind, solar and storage.
NextEra estimates that wind coupled with storage will cost $25/MWh to $32/MWh later this decade while solar with storage will cost $30/MWh to $37/MWh, according to the investor presentation.
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