US company NextEra Energy reported adjusted earnings in the third quarter of 2019 up 12% on the previous year.
Adjusted earnings stood at $1.163bn in Q3 this year, compared with $1.038bn in the same period of 2018.
The results were boosted by a strong showing in the company’s competitive energy arm NextEra Energy Partners, which saw adjusted earnings jump to $424m in the latest period from $346m last year.
NextEra Energy Partners said it increased its renewables backlog by 1375MW in the period, of which 285MW was wind, 747MW solar and 341MW battery storage. It now has a total backlog of 12.3GW.
The company also completed three repowering projects totalling almost 400MW.
NextEra Energy’s Florida Power and Light business posted adjusted earnings of $683m, up slightly on the $654m reported in the third quarter of 2018.
FPL’s improved showing was primarily driven by continued investment in the business, the company said.
Capital expenditure for FPL was approximately $1.4bn in Q3, which includes investment in 10 solar projects totalling 750MW.