(Source: Shutterstock.com)
NextEra Energy is partnering with Entergy to develop up to 4.5 gigawatts of solar generation and energy storage projects, the companies said on June 7.
The two companies entered a 5-year joint development agreement to accelerate development of projects in Arkansas, Louisiana, Mississippi and Texas.
“We believe the power sector is at an inflection point, and growing electricity demand will be met by low-cost, renewable generation and storage,” said Rebecca Kujawa, president and CEO of NextEra Energy Resources, the renewable energy unit of NextEra. “We’re pleased to reach this agreement because it further strengthens our long-standing collaboration and adds up to 4.5 GW on top of the more than 1.7 GW of renewable energy projects already underway with Entergy.”
The agreement comes as Entergy works to grow its renewable capacity to about 9 GW by 2031. In April, the Louisiana-headquartered company had about 8.9 GW of renewable generation projects in service or in development. Entergy currently provides electricity for about 3 million utility customers in Arkansas, Louisiana, Mississippi and Texas.
Recommended Reading
Martin Midstream Terminates Merger Agreement Following Pushback
2024-12-29 - Martin Midstream Partners will continue operating as a standalone publicly traded company following termination of its deal to merge with Martin Resource Management Corp.
Exxon Mobil Completes Purchase of FPSO Offshore Guyana
2024-12-19 - Exxon Mobil Corp. paid $535 million to SBM Offshore for the FPSO, which will operate the unit through 2033.
Allete Gets OK From FERC for $6.2B Sale to Canada Pension Plan, GIP
2024-12-20 - Allete Inc. announced its acquisition by the Canada Pension Plan Investment Board and Global Infrastructure Partners in May.
DNOW Closes Cash Acquisition of Water Service Company Trojan Rentals
2024-11-26 - DNOW Inc.’s acquisition of Trojan Rentals LLC is its third purchase aimed at providing a holistic water management solution to the market, the company said.
Hollub: Oxy Low Carbon Ventures Bolsters US Energy Independence
2024-11-18 - Occidental Petroleum is making a number of low-carbon moves in the Permian—a maneuver that will bolster the U.S.' energy independence, CEO Vicki Hollub told Hart Energy in an exclusive interview.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.