NextEra Energy targets 81GW of renewables and energy storage by 2027

Facebook
Twitter
LinkedIn
Reddit
Email
The Sonoran Solar Energy Center project in Arizona has 260MW of solar PV capacity and 260MW/1GWh of BESS
Between 2024 and 2027, NextEra targets to develop 13.9GW of solar PV capacity across the US. Image: NextEra Energy Resources.

US utility NextEra Energy Partners is planning to have a renewables and energy storage portfolio of 81GW by 2027.

Released during its third quarter financial results, the figure would more than a doubling of its present renewables and energy storage portfolio, which stood at 38GW as of the end of September.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

NextEra’s Q3 figures reveal the company added nearly 3GW of new renewables to its backlog during the third quarter of 2024, according to John Ketchum, chairman, president and CEO at NextEra Energy. Nearly all the 3GW of backlog capacity comes from solar PV and energy storage, with 1.4GW each. Backlog projects are defined for example as assets with signed long-term power purchase agreements or build-own-transfer projects with long-term O&M agreements in place.

For 2024-25, the development programme for NextEra Energy Resources, a subsidiary of the utility, comprises 7.3GW of PV, split between backlog and commercial operation date (COD) projects, while energy storage is at 3GW. The Southeast region is expected to see most of the solar PV backlog installed between 2024 and 2025 with 2.5GW. It is followed by the Midwest with 2.1GW and Texas with 1.4GW. NextEra Energy Resources started construction on a 310MW solar PV plant in Texas earlier this year.

Between 2024 and 2027, the company expects to develop between 18.5GW and 22.4GW of solar PV across the US.

Ketchum said: “We are also pleased to announce incremental framework agreements with two Fortune 50 customers for the potential development of renewables and storage projects, totaling up to 10.5 gigawatts between now and 2030.”

Regarding the impact of Hurricanes Helene and Milton in Florida, its largest subsidiary utility in the state, Florida Power & Light, sustained no significant damage in its generation fleet, which includes solar PV plants. According to the utility, less than 0.05% of its solar panels were affected by the hurricanes.

During Q3 2024, NextEra Energy registered earnings of US$2.1 billion, up from the US$1.9 billion in the same period a year ago.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 30, 2025
The Spanish government has launched a €100 million (US$117 million) aid programme to help promote the recycling and reuse of materials from renewable energy projects.
June 30, 2025
US clean energy developer Clearway Energy Group has received corporate credit facilities over US$1 billion.
June 27, 2025
The UK government has decided it will not sign a Contract for Difference (CfD) with Xlinks for the 11.5GW Morroco-UK interconnector project.
June 26, 2025
A round-up of news from the US solar sector this week, including Akuo, Meta and RWE.
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico