The announcement came as part of second-quarter earnings reported by NextEra's Florida-based parent, FPL Group, which blamed a significant nationwide reduction in growth due to the economic downturn, along with increasing difficulty in securing long-term power purchase agreements with today's lower power prices. The company, however, expects such challenges to sort themselves out as the economy picks up, according to FPL's Armando Pimentel. "We still expect to add approximately 1000 MW of wind this year and roughly 1000 MW of wind next year. These are substantial amounts, especially when you consider that our closest competitor only had approximately 2000 MW in the US at the end of last year," says Pimentel, referring to Spanish firm Iberdrola. He adds that NextEra is also likely to fall short of its previous 2008-2012 minimum new wind projection of 7000 MW. By the end of 2008, NextEra owned and operated over 60 wind projects in 16 states and Canada, totalling some 6300 MW.