NTE Energy said on Tuesday that it plans to develop more than 5 GW of clean energy projects in the next five years. The company is currently working with investment partners to advance development of a clean energy project pipeline that includes 1.2 GW of solar and 3.9 GW of battery energy storage systems (BESS), with 3,000 to 4,000 MW expected to reach commercial operation by 2026.
“Advances in clean energy technology and strong market demand for renewables are positioning 2021 to be a record year,” said Steve Remen, NTE managing director of renewable energy resources.
NTE’s clean energy pipeline currently includes early-stage development of renewable and storage assets to be located in the ISO-NE, MISO, ERCOT, NYISO, SERC, PJM and WECC markets. Some of these projects will be co-located with new or existing thermal generation projects, providing economies of scale, said the company.
Recent NTE projects that it is highlighting on its website include the 475-MW natural gas-fired Middletown Energy Center, the 475-MW natural gas-fired Kings Mountain Energy Center.
“Using highly efficient natural gas generation to complement intermittent renewable energy provides our customers with firm, low-cost energy,” Remen said. “By co-locating renewable projects with thermal generation, we can offer customers access to affordable renewable energy options backed up by reliable natural gas.”
The NTE team has developed a total of 127 GW of energy projects, including wind, solar, combined cycle natural gas, coal, oil, biomass, hydro and more, according to the company.
In addition to its clean energy pipeline, NTE has 2,700 MW of natural gas-fired electric generation in various stages of development, including the 650-MW Killingly (Connecticut) Energy Center, which is expected to begin construction this year.