NTE Energy, a leading power company in North America, is planning to build up on its renewable portfolio for the U.S., with 5 giga watts of renewable projects for the next five years, the company announced this Wednesday.
Firstly, NTE announced it is working close with investment partners to advance the development of a renewable energy pipeline; which will include 1,2 GW of solar; and also 3,9 GW of battery energy storage systems, with 3000 to 4000 MW of total power.
Secondly, these projects are expected to enter operations around 2026. In addition, these projects will be strategically located around the ISO-NE, MISO, ERCOT, NYISO, SERC, PJM and WECC markets. Some of them are in early-stage development.
Also, they will be co-located around new or existing thermal generation, to provide reliability to the system; while also allowing economies of scale. Consequently, natural gas will provide for the projects a complement when they become intermittent.
“Using highly efficient natural gas generation to complement intermittent renewable energy provides our customers with firm, low-cost energy.” Said Steve Remen; company’s managing director of renewable energy resources.
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NTE also with natural gas assets to complement US strategy
While also remarking: “by co-locating renewable projects with thermal generation, we can offer customers access to affordable renewable energy options backed up by reliable natural gas.”
Currently, NTE has developed a total of 127 GW of projects around the country; also including, apart from wind and solar, combined cycle, natural gas, oil, coal and biomass. Also, hydro and other sources.
Moreover, over the last three years, the company developed nearly 950 MW of generation projects. In addition to its renewable pipeline, also has a 2,700 MW of natural gas-fired generation plants in various stages of development.
Nevertheless, renewable generation is a part of the company’s new strategy. “Advances in clean energy technology and strong market demand for renewables are positioning 2021 to be a record year.” Remarked Remen.
Finally, concluding. “Building on our deep customer relationships and strong track record of successful project development experience, we have created a geographically diverse pipeline of solar and storage projects across the United States.”