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.

Try Premium for just $1

Full premium access for the first month at only $1
Converts to an annual rate after 30 days unless cancelled
Cancel anytime during the trial period

Start $1 Trial

Premium Benefits

Expert industry analysis and interviews
Digital access to PV Tech Power journal
Exclusive event discounts

Or get the full Premium subscription right away

Get Premium Subscription

Or continue reading this article for free

Get Basic (FREE) Subscription

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.

UPCOMING EVENT

PV ModuleTech USA 2026

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 2028 and beyond.

UPCOMING EVENT

PV CellTech USA 2026

13 October 2026

San Francisco Bay Area, USA

PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 13-14 October 2026 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023, 2024 and 2025 were a sell out success and 2026 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.