Fuel maker, Nacero agrees with NextEra over 20-TWh wind off-take deal
US based low carbon fuel maker Nacero has signed a long-term power purchase agreement with NextEra Energy Resources to supply lower and net-zero lifecycle carbon footprint petrol to consumers.
According to the agreement, NextEra Energy Resources’ Texas wind power operations will provide Nacero with nearly 20 billion kilowatt-hours of green electricity starting 2025 for 20 years.
“We applaud Nacero’s commitment to sustainability through their innovative technology and are pleased to be able to support the company’s renewable energy goals. This will also create significant economic stimulus for the local community, creating good jobs and additional tax revenue,” said Matt Handel, senior vice president of development for NextEra Energy Resources.
This wind power, the companies said, will complement Nacero’s planned 200-megawatt on-site solar photovoltaic power plant and the facility will be only powered by renewable electricity.
Related articles
Korea Solar Maker Qcells to Shut Down Production in China
Apr 25, 2024
US Solar Makers Seek Additional Tariffs on Panel Imports From Asia
Apr 24, 2024
Enel Forced to Raise Coupons on $11 Billion of ESG Bonds
Apr 23, 2024
SunPower Slides After Disclosing Plans to Restate Earnings
Apr 23, 2024
AFC Joins $20 Billion Morocco-to-UK Subsea Power Export Project
Apr 22, 2024
China’s Rapid Solar Growth Slows as Grid Seeks to Keep Pace
Apr 22, 2024KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More renewables news
Europe Is Being Scorched and Flooded by Growing Climate Extremes
Apr 22, 2024
Biden Unveils Winners of $2 Billion in Green Tax Credits
Apr 19, 2024
Europe’s Demand for LNG Set to Peak in 2024 as Crisis Fades
Apr 19, 2024
Clean Hydrogen’s Best Bet May Be a Rainforest State in Borneo
Apr 18, 2024
PG&E, Edison, California Apply for $2 Billion US Grid Grant
Apr 18, 2024
China’s Solar Surge Is Making a Missing Power Data Problem Worse
Apr 18, 2024
First Solar Jumps After Report Says Biden to End Trade Loophole
Apr 17, 2024
Biden’s Climate Law Catalyzed Investment, But Projects Still Face Snags
Apr 17, 2024
Masdar and EGA form alliance on aluminium decarbonisation and renewables
Apr 17, 2024
Chevron Launches $500 Million Fund to Invest in Clean Tech
Apr 16, 2024Top stories
Most Read
Elsewhere on Energy Connects
Partner content
Chevron helping drive Egypt’s journey to become Africa’s energy powerhouse
Mar 11, 2024
Energy Workforce helps bridge the gender gap in the industry
Mar 08, 2024
EGYPES Climatech champion on a mission to combat climate change
Mar 04, 2024
Fertiglobe’s sustainability journey
Feb 29, 2024
P&O Maritime Logistics pushing for greater decarbonisation
Feb 27, 2024
India’s energy sector presents lucrative opportunities for global companies
Jan 31, 2024
Oil India charts the course to ambitious energy growth
Jan 25, 2024
Maritime sector is stepping up to the challenges of decarbonisation
Jan 08, 2024
COP28: turning transition challenges into clean energy opportunities
Dec 08, 2023
Why 2030 is a pivotal year in the race to net zero
Oct 26, 2023Partner content
Ebara Elliott Energy offers a range of products for a sustainable energy economy
Essar outlines how its CBM contribution is bolstering for India’s energy landscape
Positioning petrochemicals market in the emerging circular economy
Navigating markets and creating significant regional opportunities with Spectrum
