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Released July 29, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking $88 billion worth of active and proposed projects from NextEra Energy Incorporated (Juno Beach, Florida), more than half of which is attributed to solar-energy projects, as its NextEra Energy Resources merchant energy business added 3.2 gigawatts (GW) of new renewables and storage projects to its backlog in the second quarter.
"We expect more than 450 gigawatts of cumulative demand for new generation between now and 2030 in the United States," NextEra Chief Executive Officer John Ketchum said July 23 in a second-quarter earnings conference call. "Today, renewables and battery storage are the lowest cost form of power generation and capacity. And we can build these projects and get new electrons on the grid in 12 to 18 months. We should be thinking about renewables and battery storage as a critical bridge to when other technology is ready at scale, like new gas-fired plants."
With the 3.2 GW worth of new projects, the backlog now totals roughly 28 GW--after entering 0.7 GW into service since the first-quarter earnings call--according to Chief Financial Officer Mike Dunne. He said about 40% of the backlog is driven by commercial and industrial customer demand, while 60% is driven by demand from power companies.
One of NextEra's biggest renewable energy projects is the $814 million Pierce County Energy Center in Pierce, Nebraska, a 420-megawatt (MW) solar plant that features a 170-MW battery energy-storage system (BESS). The project, which is expected to be brought online in mid-2027, will source its photovoltaic (PV) solar panels from Hanwha Q Cells (Seoul, South Korea) and its lithium-ion battery technology from AES Corporation (Arlington, Virginia).
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more from a detailed project report.
Also underway is the Excelsior PV Solar Energy Center in Genesee County, New York, consisting of a 280-MW solar plant and a 20-MW BESS. Construction is expected to wrap up in the fourth quarter of 2026. Subscribers can read more information on the solar and BESS components.
Standalone solar projects include the 145-MW Cherrywood solar project in Caroline County, Maryland, which will utilize First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) PV solar panels.
Meanwhile, one of the largest-capacity BESS projects underway will add 200 MW of storage capacity at the Silver State PV Solar Park in Nevada. Both projects are expected to wrap up in mid-2026. Subscribers can read more information on the Cherrywood and Silver State projects.
Ketchum also announced that the company's first solar repowering project would be completed in 2026 but did not provide any other details. "Going forward, we plan to include both wind and solar repowering megawatts in the newly updated 'Repowering' line of our development expectations."
NextEra is putting the finishing touches on the repowering of its Landgon Windfarm II in Osnabrock, North Dakota, which entails replacing old turbines from GE Vernova (Cambridge, Massachusetts) with 42 MW worth of new GE turbines. Click here to read the project report.
Aside from its clean energy merchant business, NextEra's Florida Power & Light (FPL) subsidiary provides power to about 5.8 million customers, or more than 12 million people, across Florida.
In the most recent earnings press release, NextEra said FPL's capital expenditures registered about $2.4 billion for the second quarter, and full-year capital spending is expected to be between $8 billion and $8.8 billion (unchanged from the first quarter). All of FPL's solar power projects being tracked by Industrial Info are on a smaller scale, each providing less than 75 MW of generation.
Ketchum also spoke on NextEra's need to integrate fossil fuels into its generation mix as an "all-forms-of-energy" company, even though doing so will take longer than incorporating renewables and storage.
"We expect 75 gigawatts of new gas to come online between now and 2030," he said. That is significant but nowhere close to meeting the more than 450 GW needed. "It's also important to understand that gas-fired plants will come online at a higher cost than renewables and storage. That's because gas turbines are in short supply and in high demand."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed project reports for active and proposed projects from NextEra.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
"We expect more than 450 gigawatts of cumulative demand for new generation between now and 2030 in the United States," NextEra Chief Executive Officer John Ketchum said July 23 in a second-quarter earnings conference call. "Today, renewables and battery storage are the lowest cost form of power generation and capacity. And we can build these projects and get new electrons on the grid in 12 to 18 months. We should be thinking about renewables and battery storage as a critical bridge to when other technology is ready at scale, like new gas-fired plants."
With the 3.2 GW worth of new projects, the backlog now totals roughly 28 GW--after entering 0.7 GW into service since the first-quarter earnings call--according to Chief Financial Officer Mike Dunne. He said about 40% of the backlog is driven by commercial and industrial customer demand, while 60% is driven by demand from power companies.
One of NextEra's biggest renewable energy projects is the $814 million Pierce County Energy Center in Pierce, Nebraska, a 420-megawatt (MW) solar plant that features a 170-MW battery energy-storage system (BESS). The project, which is expected to be brought online in mid-2027, will source its photovoltaic (PV) solar panels from Hanwha Q Cells (Seoul, South Korea) and its lithium-ion battery technology from AES Corporation (Arlington, Virginia).
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more from a detailed project report.
Also underway is the Excelsior PV Solar Energy Center in Genesee County, New York, consisting of a 280-MW solar plant and a 20-MW BESS. Construction is expected to wrap up in the fourth quarter of 2026. Subscribers can read more information on the solar and BESS components.
Standalone solar projects include the 145-MW Cherrywood solar project in Caroline County, Maryland, which will utilize First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) PV solar panels.
Meanwhile, one of the largest-capacity BESS projects underway will add 200 MW of storage capacity at the Silver State PV Solar Park in Nevada. Both projects are expected to wrap up in mid-2026. Subscribers can read more information on the Cherrywood and Silver State projects.
Ketchum also announced that the company's first solar repowering project would be completed in 2026 but did not provide any other details. "Going forward, we plan to include both wind and solar repowering megawatts in the newly updated 'Repowering' line of our development expectations."
NextEra is putting the finishing touches on the repowering of its Landgon Windfarm II in Osnabrock, North Dakota, which entails replacing old turbines from GE Vernova (Cambridge, Massachusetts) with 42 MW worth of new GE turbines. Click here to read the project report.
Aside from its clean energy merchant business, NextEra's Florida Power & Light (FPL) subsidiary provides power to about 5.8 million customers, or more than 12 million people, across Florida.
In the most recent earnings press release, NextEra said FPL's capital expenditures registered about $2.4 billion for the second quarter, and full-year capital spending is expected to be between $8 billion and $8.8 billion (unchanged from the first quarter). All of FPL's solar power projects being tracked by Industrial Info are on a smaller scale, each providing less than 75 MW of generation.
Ketchum also spoke on NextEra's need to integrate fossil fuels into its generation mix as an "all-forms-of-energy" company, even though doing so will take longer than incorporating renewables and storage.
"We expect 75 gigawatts of new gas to come online between now and 2030," he said. That is significant but nowhere close to meeting the more than 450 GW needed. "It's also important to understand that gas-fired plants will come online at a higher cost than renewables and storage. That's because gas turbines are in short supply and in high demand."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed project reports for active and proposed projects from NextEra.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
