NTE Energy to develop 5 GW of solar, storage across US

Solar panels in USA. Author: Pete Jelliffe. License: Creative Commons. Attribution-NoDerivs 2.0 Generic.

February 10 (Renewables Now) - Florida-based power plants builder NTE Energy said that it plans to develop over 5 GW of clean energy projects across the US in the next five years.

The pipeline includes 1.2 GW of solar capacity and 3.9 GW of battery energy storage systems (BESS), with the company saying that it is currently working with investment partners to advance the project development.

NTE Energy expects some 3 GW to 4 GW of projects to reach commercial operation by 2026.

At present, the pipeline includes projects in early stages of development located in service areas of seven regional electricity system operators. NTE Energy plans to co-locate some of these schemes with new or existing thermal generation projects to provide economies of scale, the company said.

“Using highly efficient natural gas generation to complement intermittent renewable energy provides our customers with firm, low-cost energy. By co-locating renewable projects with thermal generation, we can offer customers access to affordable renewable energy options backed up by reliable natural gas,” NTE managing director of renewable energy resources, Steve Remen, said in a statement.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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