Solar power will receive the highest level of investment out of any energy source. Credit: Entergy Corporation.

American utility Entergy has partnered with NextEra Energy Resources, a subsidiary of NextEra Energy, in a five-year joint development agreement for 4.5GW of new solar and energy storage projects in the US.

The joint development agreement is a step towards expanding Entergy’s renewable energy portfolio.

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Entergy utility operations group president Rod West stated: “We’re excited about this joint development agreement, which will enable Entergy to provide our customers with low-cost, renewable energy as demand grows across Arkansas, Louisiana, Mississippi and Texas.”

NextEra Energy Resources president and CEO Rebecca Kujawa stated: “We believe the power sector is at an inflection point, and growing electricity demand will be met by low-cost, renewable generation and storage.

“We’re pleased to reach this agreement because it further strengthens our long-standing collaboration and adds up to 4.5GW on top of the more than 1.7GW of renewable energy projects already underway with Entergy.”

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Entergy Texas previously sought approval from the Public Utility Commission of Texas for two advanced natural gas power plants.

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Named Legend and Lone Star, the 24/7 dispatchable power generation resources will be operational by 2028, enhancing the region’s energy capacity.

The Legend power station, a 754MW facility, will be situated in Port Arthur, Texas. The carbon capture-enabled project, with a hydrogen-capable combustion turbine, will entail an investment of $1.46bn.

It will supply sustainable energy to 190,000 homes, contributing to the southeast Texas power grid’s capacity while minimising environmental impact.

The Lone Star power station, a 453MW facility near Cleveland, Texas, involves a $753m investment.

Equipped with hydrogen-capable combustion turbine technology, the station will generate affordable energy for 110,000 homes.

Entergy has three million customers across Arkansas, Louisiana, Mississippi and Texas through its operating companies with a total capacity of 24GW.

NextEra Energy Resources operates across 41 US states and in Canada, with a total capacity of 30.6GW.