“assuming we achieve the midpoint of our development expectations range, Energy Resources will be operating a roughly 75 gigawatt renewables portfolio by the end of 2027, which would be larger than the installed renewables capacity of all but seven countries.”

In context

“municipalities and electric cooperatives as our 12 gigawatt year of backlog additions reflects. And as demand for power increases across all customer classes as we advance our domestic economic agenda, so does the potential price of power unless we bring new generation online quickly to meet that demand. Customers of all types are looking for low cost ways to meet their growing power needs while reducing their exposure to higher power prices over time. Given the current power demand environment, it is more important than ever to unleash all forms of electric generation, starting with renewables, which are ready now, as I will discuss more in a minute. There is no better example of this than our own portfolio. We have originated more than 3 gigawatts in three of the last five quarters and assuming we achieve the midpoint of our development expectations range, Energy Resources will be operating a roughly 75 gigawatt renewables portfolio by the end of 2027, which would be larger than the installed renewables capacity of all but seven countries. In 2024, we continue to demonstrate our leadership as a supplier of choice for buyers of new generation. We announced two framework agreements with two Fortune 50 companies that have the potential to develop renewables and storage projects totaling up to 10.5 gigawatts between now and 2030, as well as a joint development agreement with Entergy. When combined, our announced framework agreements total up to a potential 15 gigawatts, demonstrating our unique position in the market and our customers' confidence in our ability to help meet the nation's need for power. And we are not sitting still as we think about our value proposition for our customers. We are constantly looking to make sure we have the most comprehensive solution set. That is why today we are pleased to announce a framework”