US company NextEra Energy has announced an increase in income and earnings per share in its latest trading update.
The owner of the Florida Power and Light company saw net income in the third quarter rise to $879m, or $1.93 per share, up from $660m and $1.50 per share in the third quarter of 2014.
The company reported a strong quarter in new wind and solar projects and has authorised a programme to buy up to $150m of the outstanding units of NextEra Energy Partners, LP.
NextEra Energy chief executive Jim Robo said: “NextEra Energy delivered solid operational and financial performance for the third quarter.
“FPL performed well operationally, is on track this year to deliver its best-ever reliability performance and last week was recognized as the most reliable electric utility in the nation.
“NextEra Energy Resources added approximately 725 megawatts of new wind and solar projects to its backlog, continued a very strong year for new origination activity and is on pace to exceed its wind and solar origination expectations for 2016.”
Image: South Dakota wind farm (NextEra)
