1. NextEra's Amite Solar Center is operational, enhancing local energy supply. 2. The facility generates 100 megawatts, powering thousands of homes. 3. Collaboration with DEMCO ensures low-cost, fixed-price energy for 25 years. 4. Project will bring $16 million in tax revenue over 30 years. 5. 200 construction jobs were created, boosting local economy and job market.
The successful operation of the Amite Solar Center highlights NextEra's growth strategy. Past expansions have positively affected stock performance, indicating investor confidence.
Investments in renewable energy facilitate sustainable growth, aligning with market trends. The project underscores NextEra's leadership in the energy sector, increasing its competitive edge.
With a 25-year energy supply contract and long-term tax revenue, NEE's financial health improves gradually over years. Historical results show that long-term contracts stabilize earnings and attract long-term investors.
DEMCOV and NextEra Energy Resources, LLC, are proud to announce that Amite Solar, LLC, is now operational. This milestone marks the launch of NextEra Energy Resources' first utility-scale energy facility in Louisiana, delivering reliable, American-made energy to local communities. The Amite Solar Energy Center is a subsidiary of NextEra Energy Resources, one of the country's largest energy infrastructure developers.
"Thanks to this collaboration with NextEra Energy Resources, our members will benefit from dependable, low-cost, fixed-price energy for the next 25 years," said Randy Pierce, chief executive officer and general manager at DEMCO. "It's a smart, long-term partnership that reflects our shared commitment to delivering lasting value to the communities we serve."
Located in Tangipahoa Parish, the Amite Solar Energy Center has the capacity to generate up to 100 megawatts of energy, which is enough energy to power thousands of Louisiana homes and businesses. The energy center achieved commercial operations in March 2025 and is contributing dependable electricity to Louisiana's power grid.
"This is a monumental moment for our team, and we are proud to work with DEMCO to bring low-cost solar energy to their co-op members," said Stuart McCurdy, vice president of development at NextEra Energy Resources. "We're thrilled to deliver homegrown energy that supports local jobs and economic development, exemplifying the power of collaboration between energy infrastructure developers, the community and local utilities in meeting the unprecedented energy demand."
Construction lasted 15 months and generated a significant economic boost to Tangipahoa Parish and the state, by creating 200 construction jobs and stimulating the purchase of regional goods and services from local vendors. Over the next 30 years, the project is expected to generate approximately $16 million in additional tax revenue for Tangipahoa Parish.
"These funds can be used to strengthen local schools, improve roads and support other essential public services," added McCurdy. "This is about more than energy – it's about investing in the future of Louisiana communities."
A subsidiary of NextEra Energy Resources built, owns and operates the Amite Solar Energy Center, ensuring long-term operational excellence and local economic impact.
NextEra Energy Resources, LLC, (together with its affiliated entities, "NextEra Energy Resources") is advancing America's energy future with the largest and most diverse portfolio of power generation and infrastructure solutions. NextEra Energy Resources is one of America's largest wholesale generators of electric power in the U.S., leveraging all forms of energy across renewables, storage, natural gas, nuclear and other critical energy infrastructure, with approximately 33,410 megawatts of total net generating capacity. The business operates safe, reliable nuclear power generation facilities in New Hampshire and Wisconsin as part of the NextEra Energy nuclear fleet. NextEra Energy Resources offers a wide range of integrated solutions to help utilities and businesses across the country meet their energy needs when and where they need it. NextEra Energy Resources, LLC, is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit: www.NextEraEnergyResources.com.
DEMCO is a not-for-profit, member-owned electric distribution cooperative that enhances the quality of life for its members, employees, and communities by providing safe, reliable, and competitively priced energy services. Founded in 1938, DEMCO powers 117,800+ meters in seven parishes: Ascension, East Baton Rouge, East Feliciana, Livingston, St. Helena, Tangipahoa, and West Feliciana.
SOURCE NextEra Energy Resources, LLC