Entergy and NextEra Energy Resources enter agreement for up to 4.5 GW of new solar + storage - Solar Power World
Entergy and NextEra Energy Resources enter agreement for up to 4.5 GW of new solar + storage
Credit: NextEra Energy
Entergy and NextEra Energy Resources, a subsidiary of NextEra Energy, today announced a five-year joint development agreement that will accelerate the development of up to 4.5 GW of new solar generation and energy storage projects. The agreement represents significant progress toward Entergy’s growing portfolio of renewable generation.
“We’re excited about this joint development agreement, which will enable Entergy to provide our customers with low-cost, renewable energy as demand grows across Arkansas, Louisiana, Mississippi and Texas,” said Rod West, group president of utility operations for Entergy.
“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. “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.”
News item from Entergy
Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.