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- Entergy, NextEra to Develop 4.5 GW Solar Projects
Entergy, NextEra to Develop 4.5 GW Solar Projects
Slice of Energy Team
June 17, 2024
Key Highlights:
Entergy and NextEra Energy Resources enter a joint development agreement.
Up to 4.5 GW of new solar generation and energy storage projects planned.
Agreement supports Entergy's renewable generation portfolio.
Projects span Arkansas, Louisiana, Mississippi, and Texas.
Source (PR Newswire)
Notable Quotes:
"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."
"We believe the power sector is at an inflection point, and growing electricity demand will be met by low-cost, renewable generation and storage. 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."
Our Take:
This joint development agreement between Entergy and NextEra Energy Resources signifies a pivotal moment in the transition to renewable energy in the Southern United States. The collaboration will not only enhance Entergy's renewable energy portfolio but also contribute significantly to the region's clean energy infrastructure. With a combined focus on solar generation and energy storage, this partnership is well-positioned to meet the rising demand for sustainable energy solutions, supporting economic growth and environmental sustainability in Arkansas, Louisiana, Mississippi, and Texas.