NextEra Energy Resources advances community solar in Minnesota

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Feb 15, 2018, 08:30 ET

JUNO BEACH, Fla., Feb. 15, 2018 /PRNewswire/ -- NextEra Energy Resources, LLC, through an indirect, wholly owned subsidiary, today announced that during the previous four months, five new community solar gardens have been brought online in southeastern Minnesota. The solar-gardens are located as far north as Benton County and as far south as Dakota County, and are part of a larger Minnesota community solar-gardens portfolio totaling 66 MW including projects in development. This statewide effort brings clean, sustainable energy to all Xcel Energy customers, including subscribers who may participate in the community solar projects from within their "hosting" county or from adjacent counties.

"Community solar gardens represent a creative and efficient model for an electric company to meet its customers' and its own sustainability goals," said Matt Handel, vice president of development for NextEra Energy Resources. "For NextEra Energy Resources, these projects represent an initial portion of the solar gardens we plan to bring online this year."

"We recognize that our customers and communities want more renewable energy options," said Lee Gabler, senior director customer solutions, Xcel Energy. "A lot of effort has gone into making Solar*Rewards Community the nation's largest community solar program, and it's good to see that these NextEra gardens are now online and delivering clean, renewable energy."

Community solar gardens offer Xcel customers the opportunity to purchase subscriptions to a solar garden without having to install solar panels on their own property. Subscribers pay NextEra Energy Resources for their fixed share of solar energy production and continue to receive power from Xcel Energy, paying their utility bill as usual. They also may receive credits on their electric bill for the solar power produced that may exceed the price paid to NextEra Energy Resources, potentially reducing the subscriber's overall electricity cost. Current subscribers include Tennant Company, The Home Depot, University of Minnesota, and other commercial and government entities.

In addition to the potential cost savings, the solar gardens create positive local economic impacts, such as landowner payments and increased tax revenue. It is estimated that it will offset approximately 96.8 metric tons of carbon dioxide emissions in year one that would have been produced if the electricity had been generated using fossil fuels, the equivalent of taking approximately 21 passenger vehicles off the road, or the equivalent of more than 237,000 miles driven.

About NextEra Energy Resources
NextEra Energy Resources, LLC (together with its affiliated entities, "NextEra Energy Resources"), is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with more than 19,000 megawatts of net generating capacity, primarily in 32 states and Canada as of year-end 2017. NextEra Energy Resources, together with its affiliated entities, is the world's largest operator of renewable energy from the wind and sun. The business operates clean, emissions-free nuclear power generation facilities in New Hampshire, Iowa and Wisconsin as part of the NextEra Energy nuclear fleet, which is one of the largest in the United States. NextEra Energy Resources, LLC is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit www.NextEraEnergyResources.com.

About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.

SOURCE NextEra Energy Resources, LLC