NextEra Energy Backlog Reaches 35.1 GW as It Targets Data-Center Demand

NextEra Energy Resources’ project backlog reached approximately 35.1 GW as of July 24, 2026, after the company added 3.6 GW of renewable-energy and storage projects in Q2 2026 and placed roughly 1.1 GW into service since its Q1 2026 earnings call.

The new additions included approximately 0.9 GW of solar, 2 GW of battery storage and 0.7 GW of wind. NextEra Energy Executive Vice President and Chief Financial Officer Mike Dunne said, “Our backlog now totals approximately 35.1 gigawatts.”

The pipeline covers contracted power projects, transfers to future owners and developments expected to generate revenue through long-term hedges or sales of environmental attributes. The projects remain subject to development and construction risks.

NextEra’s 2026-2032 development expectations include 31.5 GW to 41.5 GW of solar, 32 GW to 43 GW of battery storage, 8.5 GW to 14.5 GW of wind, 4 GW to 8 GW of gas generation and 0.6 GW of nuclear capacity.

The company was discussing 30 potential data-center hubs in July and expected that number to reach 40 by year-end. Its base-case target is 15 GW of new generation for large-load customers by 2035, with an upside target of 30 GW or more.

“We also have four origination channels feeding into our base case goal of securing 15 gigawatts of new generation to serve large load by 2035,” NextEra Energy Chairman, President and CEO John Ketchum said.

Florida Power & Light, NextEra’s utility subsidiary, reported roughly 21 GW of interest from large-load customers, including 12 GW in advanced discussions. Part of that demand could be served as soon as 2028.

NextEra’s planned mix combines renewable generation and storage with gas generation and potential nuclear capacity. Its Duane Arnold nuclear plant in Iowa is expected to return to service no later than the first quarter of 2029 under the company’s Q2 2026 plan.

“Customers can’t afford to wait for an energy partner to secure equipment, land or financing,” Ketchum said.

The 35.1 GW figure measures project backlog rather than operating capacity. The 15 GW and 30 GW figures are company targets, not reported contracted capacity.