Entergy (NYSE: ETR) and NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc. (NYSE: NEE), announced a joint development agreement on June 7th.
This agreement aims to expedite the development of up to 4.5 gigawatts (GW) of new solar generation and energy storage projects. This collaboration signifies substantial progress in expanding Entergy’s renewable energy portfolio.
“We are thrilled about this joint development agreement, which will enable Entergy to provide our customers with low-cost, renewable energy as demand increases across Arkansas, Louisiana, Mississippi, and Texas,” stated Rod West, group president of utility operations for Entergy.
A Strategic Partnership for a Cleaner Energy Future
Rebecca Kujawa, president and CEO of NextEra Energy Resources, said, “We believe the power sector is at a turning point, and low-cost, renewable generation and storage will meet growing electricity demand. We are pleased to reach this agreement as it further strengthens our longstanding collaboration with Entergy and adds up to 4.5 GW to the more than 1.7 GW of renewable energy projects already in progress.”
Five-Year Agreement to Drive Solar and Storage Expansion
The five-year joint development agreement aims to facilitate the development and construction of new solar generation and energy storage projects. This partnership demonstrates a shared commitment to a cleaner and more sustainable energy future.
About Entergy
Entergy (NYSE: ETR) is a Fortune 500 company powering the lives of 3 million customers through its operating companies in Arkansas, Louisiana, Mississippi, and Texas. Entergy invests in the reliability and resilience of the energy system while supporting the transition to cleaner energy solutions in the region. With over 100 years of community roots, Entergy leads as a nationally recognized leader in sustainability and corporate citizenship. Learn more at entergy.com and connect on social media with @Entergy.
About NextEra Energy Resources
NextEra Energy Resources LLC is a leading clean energy provider and one of the largest wholesale generators of electric power in the U.S. With approximately 30,600 megawatts of net generating capacity, primarily in 41 states and Canada, the company is the world’s largest generator of renewable energy from wind and sun and a global leader in battery storage. NextEra Energy Resources offers a wide range of clean energy solutions to help businesses and customers achieve their emissions reduction goals.