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.”

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.