At NextEra Energy, we're committed to being an industry leader in environmental protection and stewardship, and one of the key ways in which we've demonstrated this commitment is by making business decisions to invest in emissions-free and clean generation. This enables us to reduce our impact on the air we all breathe. In fact, NextEra Energy's generation fleet has significantly lower rates of emissions of CO2, SO2 and NOx compared to the U.S. electric power industry as a whole.
At year-end 2015, NextEra Energy Resources was the world's largest generator of renewable energy from the wind and the sun. We ended 2015 with more than 12,400 MW of wind power capacity and over 1,100 MW of solar power capacity.
At FPL, we are continuing to modernize our fossil generation fleet by replacing older, inefficient oil- fired generation with state-of-the-art combined-cycle, natural gas generation. Since 2001, FPL's investments in clean, fuel-efficient power plants have saved customers more than $8.1 billion in fuel costs and helped reduce the company's use of foreign oil by 99 percent. Because of these modernization efforts, FPL has been able to avoid using more than 40 million barrels of oil, using less than 1 million barrels of oil for generation in 2015. These investments have also enabled FPL to significantly reduce power plant emissions rates and have prevented more than 85 million tons of carbon emissions to date. FPL now operates one of the most modern, clean, fuel-efficient and low- carbon generation fleets in the nation.
We have positioned our business to meet the challenges of new federal environmental regulations, which we anticipate will significantly advance the need for low- emitting and zero-emitting electric generation. At NextEra Energy, we've positioned our business to manage the opportunities and risks presented by these new regulations while simultaneously lowering emissions.
Reducing Our Emissions
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SO2 Emissions Rate
NOx Emissions Rate
CO2 Emissions Rate
In 2015, 97 percent of the power produced by NextEra Energy facilities was generated from a diverse mix of clean or renewable sources, including wind, solar, combined-cycle natural gas and nuclear.
FPL Powers Formula E Electric Race with Clean Solar Energy; Student Focus Garners Statewide Honors
FPL powered the vehicles racing in the country's first-ever electric car race, held in downtown Miami in March 2015. Part of the FIA Formula E Championship, the Miami ePrix featured the highest class of competition for electrically powered racing cars.
"Our partnership with Formula E and the Miami ePrix is another example of our commitment to advancing zero-emissions solar energy and the use of electric vehicles in Florida," said Eric Silagy, president and CEO of FPL. "By the end of 2016, we will triple the energy we are able to produce from the sun, furthering our mission to provide low-cost, reliable and clean energy to our 4.8 million customers."
FPL announced its partnership with Formula E at its Martin Next Generation Solar Energy Center, along with famed race car driver Michael Andretti and drivers in the Miami ePrix. During the announcement event, electric race cars were charged with power generated from the Martin Next Generation Solar Energy Center, one of three solar power plants operated by FPL. Earlier in the year, FPL announced plans to install more than 1 million solar panels at three additional solar power plants by the end of 2016. These new plants, combined with community-based solar installations and other small-scale arrays that FPL is installing, would total more than 225 megawatts of new solar capacity. This would effectively triple FPL's solar capacity, which currently totals approximately 110 megawatts.
"The Formula E Miami ePrix is all about sharing our passion for electric vehicles," said Alejandro Agag, CEO of Formula E Holdings. "The race series is exciting, it's entertaining, and we hope it will turn the world's attention to the potential electric vehicles have to change the way we power transportation. We are pleased to partner with FPL – a company that shares our vision for powering the future with affordable, clean energy."
"It's an honor for us to have been selected as one of the 10 founding Formula E teams for the inaugural season," said Michael Andretti, chairman and CEO of Andretti Sports Marketing.
Formula E hosts races in 10 cities around the world, including London, Beijing, Monaco and Buenos Aires. The Miami ePrix was the first Formula E race in the United States.
Education tie is applauded
As part of its Formula E partnership, FPL also sponsored a student electric vehicle race. Students from schools throughout FPL's service area who are involved in science, technology, engineering and math (STEM) programs assembled 10 electric kit cars. The student teams competed in the Formula E School Series, racing on the same track as the Miami ePrix. The grand prize was $5,000, second-place $2,500 and third-place $1,500. All prizes support STEM or robotics initiatives of the winning school teams.
The effort was hailed by Miami-Dade County Public Schools Superintendent Alberto M. Carvalho, who chose FPL for the Florida Commissioner of Education's Corporate Business Recognition Award. "Miami-Dade County Public Schools and its students have benefitted tremendously from FPL's support of STEM initiatives," said Superintendent Carvalho. "Their commitment has enriched the learning environment by providing additional resources in our classrooms and giving students invaluable real-life learning experiences."
"We are proud of our long-time partnership with Miami-Dade County Public Schools and of the difference we are making in our classrooms," said Eric Silagy, president and CEO of FPL. "FPL is honored to be recognized for our involvement inside and outside the classroom. Together with the school district, we are making Miami an even better place to work and raise a family."