NextEra™ Energy Resources launches the EarthEra Renewable Energy Trust to Accelerate America’s Move to a Clean Energy Future
100 Percent of All EarthEra Revenue Used to Build New Wind and Solar Facilities
JUNO BEACH, Fla.--April 1 2009 --NextEra Energy Resources, a subsidiary of FPL Group, Inc. (
NYSE:FPL) and the largest wind and solar energy producer in North America, today announced the launch of the EarthEra Renewable Energy Trust and associated renewable energy products.
The EarthEra Renewable Energy Trust provides an innovative way for businesses and consumers to make a difference in the fight against climate change with confidence that every penny they spend is going directly to the construction of new wind and solar energy projects.
When businesses purchase EarthEra renewable energy certificates (RECs) to meet their own sustainability or green energy goals, 100 percent of the proceeds go into the EarthEra Renewable Energy Trust, which in turn allocates 100 percent of those funds directly to the construction of new wind and solar renewable projects. The EarthEra Renewable Energy Trust is administered by U.S. Bank and all marketing, administrative and other overhead expenses are paid by NextEra Energy Resources. All renewable energy projects built by the proceeds from the Trust will be owned and managed by NextEra Energy Resources or its subsidiaries, the largest and most experienced wind and solar energy producer in North America.
“EarthEra makes it easy for businesses to mitigate their own impact on the environment and achieve their sustainability goals while having confidence that they are making a tangible, meaningful difference by accelerating the construction of new wind and solar projects,” said Mark Maisto, president of Commodities and Retail Markets for NextEra Energy Resources. “With the EarthEra Renewable Energy Trust, our customers can be confident that every penny they spend is contributing to clean energy jobs, moving America toward long-term energy independence and helping to address climate change.”
Leading businesses have already committed more than $5 million to the Trust by purchasing EarthEra products to offset the carbon impact of business operations and to meet their green energy requirements. Companies and institutions such as Sony Electronics Inc., Office Depot, HSBC-North America, REI, Norwegian Cruise Lines, GOOD, University of Denver and Loyola Marymount University have joined in the fight against climate change with NextEra Energy Resources through the EarthEra Renewable Energy Trust.
“Office Depot is proud to be a founding participant in the EarthEra Renewable Energy Trust,” said Yalmaz Siddiqui, Director of Environmental Strategy for Office Depot. “We want to actively support innovations, such as the EarthEra Program, that drive the transition to a low carbon economy, and our purchase of EarthEra Renewable Energy Trust Certificates helps us do that.”
“As an outdoor retailer, we work to balance the energy needs of our stores with our commitment to the environment. To accomplish this, REI is focused on reducing energy use and generating renewable power in our facilities wherever possible. Participating in the EarthEra Renewable Energy Trust allows us to expand upon these efforts by investing in clean, renewable power that will support a healthier environment for everyone to enjoy,” said Sharon Im-Lee, REI’s energy manager.
Companies can purchase EarthEra RECs to help offset the energy impact of their business operations or meet other sustainability goals with 100 percent of the proceeds going to new renewable energy projects through the EarthEra Renewable Energy Trust.
“While there is no substitute for federal action on climate change, programs like EarthEra are important in providing a diverse group of parties the opportunity to join together to make a difference,” said Nathanael Greene, Director of Renewable Energy Policy for the Natural Resources Defense Council. “As a leader in the renewable energy market, NextEra Energy Resources is showing how we can grow our economy and fight global warming.”
“We applaud NextEra Energy Resources for accelerating the creation of new renewable energy and for helping to bring renewable energy into the mainstream,” said Michael T. Eckhart, president of The American Council on Renewable Energy. “By launching the EarthEra Renewable Energy Trust and products, consumers and businesses now have an easy and transparent way to invest in America’s renewable energy future.”
Consumers can also help in the fight against climate change by reducing their carbon footprint at home. By visiting the EarthEra Web site at
www.EarthEra.com consumers can access a carbon calculator to learn how they can reduce their carbon footprint and join the EarthEra community.
About NextEra Energy Resources
NextEra Energy Resources is a clean energy leader and one of the largest competitive energy suppliers in North America. A subsidiary of Juno Beach, Fla.-based FPL Group (NYSE: FPL), NextEra Energy Resources is the largest generator in North America of renewable energy from the wind and sun. It operates clean, emissions-free nuclear power generation facilities in New Hampshire, Iowa and Wisconsin as part of the FPL Group nuclear fleet, which is the third largest in the U.S. FPL Group had 2008 revenues of more than $16 billion, approximately 39,000 megawatts of generating capacity, and more than 15,000 employees in 27 states and Canada. For more information, visit these Web sites:
www.NextEraEnergyResources.com,
www.FPLGroup.com.
Contacts NextEra Energy ResourcesSteve Stengel, 888-867-3050orKelly McDonald, 404-879-9170
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