NextEra Energy & Entergy jointly authorize Stuttgart solar energy unit
Date: 2018-06-02   Author: Dhananjay Punekar  Category: #news

NextEra Energy & Entergy jointly authorize Stuttgart solar energy unit

Entergy Arkansas, a U.S. firm involved in electric power production and retail distribution, and NextEra Energy Resources have reportedly commissioned the Stuttgart Solar Energy facility at Arkansas in the U.S. The newly established center spread over 475 land acres in the country encompass over 350,000 PV solar panels that have the ability to transform the solar energy into electric energy.

It has been speculated that the new establishment is likely to produce nearly 81 MW of energy which can fulfill the energy requirements of over thirteen thousand households. Reportedly, a division of NextEra Energy Resources that constructed the center will own and carry out its operations.

Energy generated from the center is expected to be delivered to the consumers of Entergy Arkansas as per the twenty-year power purchase deal between Entergy & NextEra. Armando Pimentel, the President & CEO of NextEra Energy Resources, has announced that the new solar power venture will produce home-grown solar power at reasonable costs for the clients of Entergy. He declared that the firm’s partnership with Entergy will bring the biggest solar power unit in the state of Arkansas.

Sources cite that during its operational span, the Stuttgart Solar Power establishment has the capacity of generating approximately USD 8 million in additional revenue for the Arkansas County. Rick Riley, the CEO & President of Entergy Arkansas, have commented that during the span of more than hundred years of its business, the firm has produced energy through coal, nuclear, sawdust, oil, water, and natural gas. He further clarified that the firm is now planning to generate solar energy as well.

Experts believe that through the collaboration and investments with NextEra Energy, both Entergy & NextEra are expected to diversify their core business activities related to energy production resource mix and offer Entergy’s energy consumers an access to clean, affordable, renewable, and sustainable power. The solar project is also anticipated to offer more tax revenue to the Arkansas county over the coming years.



About Author


Dhananjay Punekar

Dhananjay Punekar

Dhananjay currently works as a content writer at AlgosOnline. A post graduate in mathematics as well as business administration, he worked as a process executive in Infosys BPO Limited before switching his professional genre. Following his childhood passion, he opted fo...

Read More

More from Dhananjay


Post Recommendents

Mattel introduces Hot Wheels Infinite Loop to mobile devices
Author: Sunil Hebbalkar

  • The game has been made available on the App store for iPhone and iPad enabling the fans for interaction with the brand in a trendy way.

California...


Celsius partners with Tether to offer USDT with annual yield of 10.53%
Author: Paroma Bhattacharya

Simultaneously, the use of stablecoins reduces the cost of capital, allowing Celsius to offer loans at a lower interest rate.

Celsius Network, a top cryptocurrenc...


Ban on sale of plastic water bottles at San Francisco Airport
Author: Sunil Hebbalkar

San Francisco International Airport is reportedly banning the sale of all single-use plastic water bottles Tuesday onwards.

As per trusted officials, this ban is a part of the per...