NextEra Energy, the largest U.S. utility, signed agreements with the U.S. Department of Commerce and the Government of Japan. The deal funds the development of up to 10 gigawatts of new natural gas-powered generation. These projects will be located in Texas and Pennsylvania.
The funding stems from a $550 billion investment commitment from Japan to the U.S. under a bilateral trade agreement. NextEra will leverage this international investment to build large-scale infrastructure supporting domestic economic growth.
The projects are expected to create thousands of construction jobs. The development will also provide hundreds of permanent operational roles. Initial power generation is scheduled to begin as early as late 2028. NextEra expects full project completion by 2032, pending regulatory approvals.