World’s only US$100b utility owes rise to wind power


Fortune in the wind: A wind farm in Movave, California, US.NextEra’s move into renewables happened pretty much by accident after the company began lending money to wind-farm developers. — Reuters

NEW YORK: Two decades ago, when coal ruled US power generation, a Florida utility plowed some of its extra cash into a wind farm atop a desolate Oregon plateau.

It was the start of an unimaginably successful bet.

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