---
title: "SRP Contracts 3 GW of New Solar Capacity"
url: https://stacklist.com/card/fee2d1a5-8931-46a6-b5a4-31482ea44a81
source_url: "https://www.renewableenergyworld.com/solar/utility-scale/srp-and-nextera-to-develop-3-gw-of-new-solar-by-2034/"
stack: https://stacklist.com/c/business/stack/73f773c9-16cc-4a97-bc6a-81b6a850a924
summary: "Salt River Project (SRP) has signed an agreement with NextEra Energy Resources to develop 3,000 megawatts of new solar capacity by 2034, supporting the utility's plan to double its power system capacity. The project includes 500 MW of annual solar construction from 2029 through 2034 to meet growing energy demand across Arizona."
tags: "solar-energy, utility-scale, renewable-energy, power-generation, arizona, energy-storage, grid-modernization"
key_entities: "Salt River Project (SRP) (organization), NextEra Energy Resources (organization), Bobby Olsen (person), Brian Bolster (person), Arizona (location), solar-generation (concept), battery-energy-storage (concept), SRP-NextEra-Solar-Agreement-2024 (event)"
classification: "news"
content_hash: "sha256:ed002dec610629a1c330cecd495a12bd1d77854a8061074fe21e4aa70ff101bb"
acp_version: "0.2"
token_counts_approximate: 840
visibility: public
agent_accessible: true
status: "final"
---

# SRP Contracts 3 GW of New Solar Capacity

Home / Solar / Utility Scale Photo by American Public Power Association on Unsplash Salt River Project (SRP) has announced an agreement with NextEra Energy Resources to develop 3,000 megawatts (MW) of new solar generation by the end of 2034, or enough capacity to power 595,000 Arizona homes. The solar development agreement is meant to support SRP’s plan to more than double the capacity of its power system by 2035. SRP’s plan includes the addition of thousands of megawatts of renewable energy, including solar, as well as natural gas and battery energy storage resources. The agreement calls for the construction of 500 MW of solar per year from 2029 through 2034. “We look forward to working with NextEra Energy Resources to add the magnitude of new solar energy we need at the pace required to meet the increasing energy demand of our customers,” said Bobby Olsen, SRP Associate General Manager and Chief Power System Executive. “This approach will allow us to collaborate early in the project development process to minimize project risk and ensure the best outcomes for our customers and the communities where we operate.” NextEra Energy Resources has already developed more than 1,000 MW of resources across five projects currently serving SRP customers including Sonoran Solar Energy Center, Storey Energy Center, Saint Solar Energy Center, Pinal Central Energy Center and Babbitt Ranch Energy Center. “As America’s largest energy infrastructure builder, we are uniquely positioned to meet SRP’s needs,” said Brian Bolster, NextEra Energy Resources President and CEO. “We are excited to continue building on our long-standing relationship with SRP and to continue to invest in Arizona to help power the state’s growth with low-cost solar power.” NextEra Energy Resources was selected through an SRP Request for Proposals issued in 2024. SRP has more than 3,000 MW of carbon-free resources currently serving its customers, including more than 1,500 MW of solar and more than 1,570 MW of battery storage supporting its grid. Additionally, SRP has more solar energy and storage capacity under development. Business News Solar Utility Scale #Renewables Recommended For You California left the nation’s largest VPP in limbo. What’s next? | Factor This Policycast Read Now Affordability pressure is rising for utilities and households Read Now Canada invests $270M for New Brunswick hydro, transmission development Read Now Must View California left the nation’s largest VPP in limbo. What’s next? | Factor This Policycast This episode of the Factor This Policycast explores the future of California's Demand Side Grid Support (DSGS) program. Can policymakers establish a durable, long-term market pathway to support the nation's leading virtual power plant? #DTECH Battery Business Energy Storage News Podcasts Policy & Regulation Residential Solar #Factor This Policycast #Reliability and Resilience #Renewables Reliability in action: Littleton’s Hendrix ACS success story In this episode of the Factor This podcast, representatives from Marmon Utility and the Littleton Electric Light & Water Departments explore how electric service providers can strengthen reliability through thoughtful distribution system design. #DTECH Distribution Factor This News Podcasts Power Grid #Grid Modernization #Reliability and Resilience