Key Facts on Energy Sector Growth
Brookfield Renewable is partnering with major tech companies to deliver over 10.5 gigawatts (GW) of renewable energy capacity to Microsoft through 2030, marking the largest corporate power purchase agreement (PPA) to date. They also entered a significant hydropower agreement with Google’s parent company, Alphabet, for up to 3 GW, yielding more than $3 billion in revenue.
NextEra Energy, the owner of the largest electric utility in the U.S., has partnered with Google for a 25-year PPA supporting the revival of the dormant 615-MW Duane Arnold Energy Center in Iowa, expected to operate by 2029. They aim for over 8% annual earnings growth through 2035, with a near-term dividend increase of around 10% this year.
Williams Companies operates over 33,000 miles of gas pipelines across 24 states and plans to invest $2 billion in Ohio to develop two 200-MW gas-fired power plants. The company is exploring potential projects worth over $14 billion through 2033, enhancing its growth outlook amidst rising energy demands, particularly for AI technologies.
