It spent millions to block homeowners from embracing solar panels, fought against hydropower, and pushed for an energy project next to a beloved national park. Its value competes with Exxon Mobil Corp.’s. Its longtime chief executive officer is a registered Republican.
Yet NextEra Energy Inc., the world’s biggest investor-owned generator of wind and solar power, has emerged as an unlikely green giant with a knack for throwing its considerable weight behind initiatives and policies that are pushing the U.S. into a future of zero-emissions electricity. Few companies appear better poised to benefit from the Joe Biden era.