Image: NextEra

Independent power producer NextEra Energy Resources and Meta have finalized a set of 11 power purchase agreements (PPAs) and two energy storage agreements (ESAs) totaling 2.5 GW of clean energy capacity across multiple U.S. power markets.

The agreements include 168 MW of battery energy storage system (BESS) capacity contracted to support the Public Service Company of New Mexico (PNM) under Rate 36B. The tariff enables Meta and other large customers to procure clean energy resources more efficiently within PNM’s system.

NextEra did not disclose contract durations or storage-hour details. However, recent regulatory filings indicate that PNM has been seeking offtake arrangements for three hybrid BESS projects in New Mexico. Two of these — Star Light Energy Center (100 MW/400 MWh) and Windy Lane Energy Center (68 MW/272 MWh), both developed by NextEra — align with the 168 MW capacity outlined in the ESAs. These projects are expected to carry 20-year PPA terms.

Beyond New Mexico, NextEra and Meta executed PPAs supporting 2.1 GW of solar capacity in the ERCOT, SPP, and MISO markets. Within PNM’s service territory, the utility also signed PPAs for an additional 190 MW of solar PV through Rate 36B.

The combined 13-project portfolio is scheduled to reach commercial operation between 2026 and 2028. According to the companies, the build-out could create up to 2,440 construction jobs, providing economic activity across participating regions.

The new agreements add to the nearly 500 MW of operating clean energy projects Meta already supports through previous collaborations with NextEra.