Deals
NextEra Makes Billion-Dollar-Bet on Natural Gas from Landfills
- Landfill gas can be further refined into renewable natural gas
- NextEra will spend $400 million to convert facilities to RNG
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NextEra Energy Inc. agreed to spend $1.1 billion to buy facilities that convert gas produced by decomposing waste in landfills into electricity as part of its effort to expand into renewable fuels.
The biggest producer of solar and wind power is purchasing about 30 facilities from Energy Power Partners that will allow it to become a producer of renewable natural gas, which can also be used to make hydrogen. Advocates say both fuels are key for a clean-energy future.