NextEra Energy Resources, Entergy strike 4.5 GW solar and storage development deal

Emma Penrod | Source: Utility DIVE | Posted 06/12/2024

The partners are open to building in any of the four states within the Entergy footprint — Arkansas, Louisiana, Mississippi and Texas — Rob West, group president of utility operations for Entergy, said in a statement. Exact locations have yet to be announced and an Entergy spokesperson said it “remains premature” to discuss specific projects “or speculate on what projects the parties might engage on.”

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NextEra Energy Resources and Entergy have entered into a joint development agreement for up to 4.5 GW of solar and energy storage projects over the next five years. While specific project details are pending, the focus will be on developments that Entergy could self-build or acquire and own, with access to NextEra Energy's supply chain and development expertise cited as significant benefits by Entergy.

The collaboration intends to bolster Entergy's renewable energy portfolio growth, following the recent announcement of a 3 GW expansion in Louisiana. The partners are open to projects in any of the four states within the Entergy footprint and aim to accelerate renewable energy expansion plans, leveraging the increased demand for clean energy in the region as a driving force behind their joint efforts.

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Source Link: https://www.utilitydive.com/news/nextera-energy-resources-entergy-strike-45-gw-solar-and-storage-developme/718542/

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NextEra Energy Resources, Entergy strike 4.5 GW solar and storage development deal

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