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NextEra Energy to Invest $120 Billion in Renewables and Storage Through 2029.
ByAinvest
Sunday, Aug 17, 2025 7:03 pm ET1min read
NextEra Energy plans to invest $120 billion in renewables and storage through 2029, expanding its fleet to 121 gigawatts. The company has added 8.7 gigawatts of new renewable and storage projects in 2024 and 3.2 gigawatts in Q1 2025. NextEra Energy's regulated utility segment provides stable earnings, supporting its consistent dividend policy.
NextEra Energy, a leading provider of clean energy solutions, has outlined a significant investment plan to bolster its renewable energy portfolio. The company aims to invest $120 billion in renewable energy and storage projects by 2029, expanding its current capacity to 121 gigawatts (GW). This ambitious plan underscores NextEra's commitment to sustainability and its leadership in the renewable energy sector.In 2024, NextEra added 8.7 GW of new renewable and storage projects, furthering its goal of becoming a dominant player in the renewable energy market. During the first quarter of 2025, the company added an additional 3.2 GW, demonstrating its consistent progress towards its long-term targets. These investments are part of a broader strategy to capitalize on the growing demand for clean energy, particularly from technology and data center customers.
NextEra's regulated utility segment, Florida Power & Light (FPL), continues to provide stable earnings, supporting the company's consistent dividend policy. This stable earnings base allows NextEra to reinvest in its renewable energy projects, ensuring long-term growth and sustainability.
NextEra's CEO, John Ketchum, reaffirmed the company's long-term outlook, targeting 6% to 8% annual adjusted earnings per share growth from 2024 through 2027. Additionally, the company expects to deliver about 10% annual dividend growth through at least next year, further solidifying its position as a dividend growth stock.
The company's strong financial performance and robust growth outlook position it well to capitalize on the expected surge in U.S. electricity demand in the coming decades. NextEra's combination of scale, expertise, and financial strength enables it to deliver low-cost renewable power, meeting the growing energy needs of its customers.
References:
[1] https://www.aol.com/magnificent-dividend-stock-continues-deliver-074700348.html
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