Nucor Inks 250MW Solar PPA with NextEra
- Nucor, one of the US's largest steel product manufacturers, has just signed a 250 MW solar PPA with NextEra Energy Resources. The Sebree Solar project will bring USD 20 million in tax revenue to Kentucky and Nucor will also provide steel for a second solar site in Meade and Breckinridge counties. Construction begins this autumn with commissioning due in 2025.
Nucor, one of the largest steel product manufacturers in the US, has announced a 250 MW solar power purchase agreement (PPA) with a subsidiary of NextEra Energy Resources LLC. The two-phase Sebree Solar project in Henderson County, Kentucky, is expected to bring an additional USD 20 million in tax revenue to the county over its 30-year lifespan. Nucor is also providing the steel for the project as well as for a second solar site to be built and operated by NextEra in Meade and Breckinridge counties. This is the second PPA signed by Nucor as part of its sustainability strategy, following a 100 MW VPPA with Ørsted Onshore North America LLC in Texas. Construction works on the Sebree Solar project are expected to begin this autumn and the commissioning is due in December 2025.
What Impact Will Nucor's 250 MW Solar PPA Have?
- Nucor's 250 MW solar PPA will bring an additional annual investment of USD 20 million to Henderson County, Kentucky.
- This will create hundreds of jobs in the construction and operation of the solar project.
- The project will also benefit local businesses around the area, providing opportunities for collaboration.
- Nucor's commitment to renewable energy will help reduce the dependence on fossil fuels in the area.
- The project is expected to result in significant emissions reductions, helping the US meet its Paris Climate Agreement goals.The agreement is p
- art of Nucor's sustainability strategy, which includes a target to achieve net zero emissions by 2050 or sooner.
