NEE Signs Agreements For 10GW US Natural-Gas Generation
NEE signed agreements for up to 10GW of US natural-gas generation, unlocking $3.3 billion funding
NEE signed agreements supporting up to 10 gigawatts of U.S. natural-gas generation, unlocking an initial $3.3 billion funding tranche for projects in Texas and Pennsylvania.
The Details: • Initial funding: The $3.3 billion will support turbine deposits and selection of engineering and construction contractors. • Pennsylvania project: The $17 billion South Mon project is expected to provide 4.3 GW of generation in Pennsylvania. • Timeline: Initial generation is expected by late 2028, with full project completion targeted for 2032, subject to approvals. • Investment The projects connect to Japan's $550 billion U.S. investment commitment.