Amite Solar Energy Center marks milestone for NextEra Energy Resources in Louisiana

Rhea-AI Summary

NextEra Energy Resources (NEE) has achieved a significant milestone with the operational launch of its first utility-scale energy facility in Louisiana, the Amite Solar Energy Center. Located in Tangipahoa Parish, the 100-megawatt facility began commercial operations in March 2025 through a partnership with DEMCO. The project, which took 15 months to construct, created 200 construction jobs and is expected to generate $16 million in tax revenue for Tangipahoa Parish over 30 years. The facility will provide local communities with fixed-price energy for 25 years, demonstrating NextEra's commitment to delivering reliable, American-made energy while supporting local economic development.

Positive

• Secured 25-year fixed-price energy agreement with DEMCO
• Expected to generate $16 million in tax revenue over 30 years
• Created 200 construction jobs and stimulated local vendor purchases
• First utility-scale energy facility in Louisiana expanding market presence
• 100-megawatt capacity adding significant power generation capability

Negative

• None.

Insights

Renewable Energy Infrastructure Analyst

NextEra's Louisiana solar debut secures 25-year revenue stream while expanding geographic footprint with minimal financial impact.

The operational launch of the Amite Solar Energy Center represents a strategic milestone for NextEra Energy Resources as it establishes its first utility-scale energy footprint in Louisiana. While the 100-megawatt capacity represents less than 0.3% of NextEra's total generating portfolio of approximately 33,410 MW, the project's significance extends beyond its size.

The 25-year fixed-price agreement with DEMCO creates predictable, long-term revenue visibility - particularly valuable amid energy price volatility. This power purchase agreement (PPA) structure is a core element of NextEra's business model, providing cash flow stability that supports dividend growth and future capital deployment.

From a strategic perspective, this project demonstrates NextEra's continued execution capabilities and geographic expansion. Successfully entering a new state market potentially creates pathways for additional development opportunities in Louisiana's evolving energy landscape.

The economic benefits - including $16 million in tax revenue over 30 years and 200 construction jobs - strengthen NextEra's community relationships and social license to operate in the region. This reinforces the company's ability to develop projects in diverse regulatory environments.

While the press release doesn't disclose project costs or expected returns, the successful completion and commercialization of the facility (operational since March 2025) indicates effective project execution and timely revenue generation. For investors, this represents another incremental growth element in NextEra's renewable energy expansion strategy.

TANGIPAHOA PARISH, La., June 2, 2025 /PRNewswire/ -- DEMCO and NextEra Energy Resources, LLC, are proud to announce that Amite Solar, LLC, is now operational. This milestone marks the launch of NextEra Energy Resources' first utility-scale energy facility in Louisiana, delivering reliable, American-made energy to local communities. The Amite Solar Energy Center is a subsidiary of NextEra Energy Resources, one of the country's largest energy infrastructure developers.

"Thanks to this collaboration with NextEra Energy Resources, our members will benefit from dependable, low-cost, fixed-price energy for the next 25 years," said Randy Pierce, chief executive officer and general manager at DEMCO. "It's a smart, long-term partnership that reflects our shared commitment to delivering lasting value to the communities we serve."

Located in Tangipahoa Parish, the Amite Solar Energy Center has the capacity to generate up to 100 megawatts of energy, which is enough energy to power thousands of Louisiana homes and businesses. The energy center achieved commercial operations in March 2025 and is contributing dependable electricity to Louisiana's power grid.

"This is a monumental moment for our team, and we are proud to work with DEMCO to bring low-cost solar energy to their co-op members," said Stuart McCurdy, vice president of development at NextEra Energy Resources. "We're thrilled to deliver homegrown energy that supports local jobs and economic development, exemplifying the power of collaboration between energy infrastructure developers, the community and local utilities in meeting the unprecedented energy demand."

Construction lasted 15 months and generated a significant economic boost to Tangipahoa Parish and the state, by creating 200 construction jobs and stimulating the purchase of regional goods and services from local vendors. Over the next 30 years, the project is expected to generate approximately $16 million in additional tax revenue for Tangipahoa Parish.

"These funds can be used to strengthen local schools, improve roads and support other essential public services" added McCurdy. "This is about more than energy – it's about investing in the future of Louisiana communities."

A subsidiary of NextEra Energy Resources built, owns and operates the Amite Solar Energy Center, ensuring long-term operational excellence and local economic impact.

About NextEra Energy Resources 
NextEra Energy Resources, LLC, (together with its affiliated entities, "NextEra Energy Resources") is advancing America's energy future with the largest and most diverse portfolio of power generation and infrastructure solutions. NextEra Energy Resources is one of America's largest wholesale generators of electric power in the U.S., leveraging all forms of energy across renewables, storage, natural gas, nuclear and other critical energy infrastructure, with approximately 33,410 megawatts of total net generating capacity. The business operates safe, reliable nuclear power generation facilities in New Hampshire and Wisconsin as part of the NextEra Energy nuclear fleet. NextEra Energy Resources offers a wide range of integrated solutions to help utilities and businesses across the country meet their energy needs when and where they need it. NextEra Energy Resources, LLC, is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit: www.NextEraEnergyResources.com.  

About DEMCO
DEMCO is a not-for-profit, member-owned electric distribution cooperative that enhances the quality of life for its members, employees, and communities by providing safe, reliable, and competitively priced energy services. Founded in 1938, DEMCO powers 117,800+ meters in seven parishes: Ascension, East Baton Rouge, East Feliciana, Livingston, St. Helena, Tangipahoa, and West Feliciana.

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SOURCE NextEra Energy Resources, LLC

FAQ

What is the capacity of NextEra Energy's (NEE) Amite Solar Energy Center in Louisiana?

The Amite Solar Energy Center has a capacity to generate up to 100 megawatts of energy, enough to power thousands of Louisiana homes and businesses.

When did NextEra Energy's (NEE) Amite Solar Energy Center begin commercial operations?

The Amite Solar Energy Center achieved commercial operations in March 2025.

How many jobs did the NEE Amite Solar Energy Center create during construction?

The construction of the Amite Solar Energy Center created 200 construction jobs over its 15-month construction period.

How much tax revenue will NextEra's Amite Solar project generate for Tangipahoa Parish?

The project is expected to generate approximately $16 million in additional tax revenue for Tangipahoa Parish over the next 30 years.

How long is the energy agreement between DEMCO and NextEra Energy Resources?

DEMCO has secured a 25-year agreement for dependable, low-cost, fixed-price energy from the Amite Solar Energy Center.