CLAIM #45248 · Nextera Energy Inc (NEE) · 2023Q2 earnings call · Jul 25, 2023 · due Dec 31, 2024
“So for ‘23 through ‘24, we are in great shape. We are already within the range as we had expected to be.”
John Ketchum · CEO
In context
“24 versus ‘25, ‘26 there. Can you talk a little bit about what you're seeing out there in terms of the ability to execute in kind of the nearer term sense to execute against that first bucket versus the latter here? And especially, give us a little bit of an update on IRS clarity and what that means for the willingness to commit to the close-on contracts here, especially maybe now that you have that in hand on transferability, etcetera. How do you think about maybe biasing towards the later years there, just given where we stand already? John Ketchum: Yeah, good question, Julien. So let me just start with – take that in chunks, because everyone knows our development expectations are ‘23 to ‘26. So let's just start with the first two years and then we'll talk about the second two years. So for ‘23 through ‘24, we are in great shape. We are already within the range as we had expected to be. And then on ‘25 and ‘26, you know if you go back to the beginning of ‘22, and you add up where we are today, we've already added 12 gigawatts just in the last six quarters. That puts us in great shape against ‘25 and ‘26, because now we have 15 gigawatts to get to the midpoint and if you kind of work backwards from ‘26, that's 3.5 years to get 15 gigawatts. So we feel like we are really in great position and on track on that build. And I think there's some real tailwinds that we're going to start to see come forward and I want to explain some dynamics, you know just around what we've seen in the renewable industry, which was part of your question Julien. Let's just go back to ‘22. I mean, in ‘22 we saw a lot of supply chain issues that started to surface. And then we saw here a flip, we”
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SEC filings for NEE ↗ · Claim quote is verbatim from the 2023Q2 earnings call.