Deals
NextEra Buys Hawaii’s Biggest Utility in Green Energy Test
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NextEra Energy Inc., North America’s largest generator of wind and solar power, agreed to buy Hawaii’s biggest electricity provider in a bet it can reduce the nation’s highest rates by using more renewable energy.
NextEra sees Hawaiian Electric Industries Inc., which serves 95 percent of the state, as a testing ground for the coming transition from fossil fuels to power generated from the sun and wind. Hawaiian Electric is among utility owners most vulnerable to challenges by solar power as more customers generate electricity from rooftop systems.