Highlights
- Salt River Project and NextEra Energy Resources will develop 3,000 MW of solar by end of 2034 under a new agreement.
- Construction runs at 500 MW per year from 2029 through 2034; NextEra was selected via an SRP Request for Proposals issued in 2024.
- NextEra has already built more than 1,000 MW across five projects currently serving SRP customers.
- SRP currently operates more than 3,000 MW of carbon-free resources, including more than 1,500 MW of solar.
Salt River Project has signed a solar development agreement with NextEra Energy Resources to add 3,000 megawatts of new generation capacity by the end of 2034, enough to power 595,000 Arizona homes, according to an announcement published Tuesday.
The agreement calls for the construction of 500 MW of solar per year from 2029 through 2034. NextEra was selected through an SRP Request for Proposals issued in 2024. The deal is structured to complement SRP's existing procurement and self-build processes and does not displace the utility's All-Source Request for Proposals process.
NextEra Energy Resources has already developed more than 1,000 MW of resources across five projects currently serving SRP customers, including Sonoran Solar Energy Center, Storey Energy Center, Saint Solar Energy Center, Pinal Central Energy Center and Babbitt Ranch Energy Center.
SRP Associate General Manager and Chief Power System Executive Bobby Olsen said the arrangement is designed to allow early collaboration in the project development process to minimize risk. Brian Bolster, NextEra Energy Resources President and CEO, said the company intends to continue investing in Arizona to support the state's growth.
SRP currently has more than 3,000 MW of carbon-free resources serving its customers, including more than 1,500 MW of solar and more than 1,570 MW of battery storage. The utility also has additional solar energy and storage capacity under development.
The deal was corroborated by Renewable Energy World and KTAR.
Why did SRP choose NextEra for this agreement?
NextEra Energy Resources was selected through a formal Request for Proposals SRP issued in 2024. The company had already developed more than 1,000 MW across five projects currently serving SRP customers before this agreement was signed.
The first 500 MW tranche is scheduled to begin construction in 2029.
Sources
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- aztechcouncil.org retrieved 26/05/2026 21:06
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 26/05/2026 21:06. Every claim traces to a source.
