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Nucor partners with NextEra to support solar energy development

August 11, 2023
News Release
Metals/Materials

Charlotte, N.C.-based steel producer Nucor Corp. has announced a power purchase agreement (PPA) for 250 mW of renewable energy from Sebree Solar LLC, a subsidiary of NextEra Energy Resources LLC. Sebree Solar is a two-phase solar project in Henderson County, Ky., that will have a capacity of up to 400 mW of American-produced energy. The project's first phase, Sebree Solar I, is set to begin construction in fall 2023.

The steel for Sebree Solar I will be sourced from Nucor Steel Gallatin in Ghent, Ky. Steel from Nucor Steel Gallatin also will be used for another solar project to be built and operated by a subsidiary of NextEra Energy Resources, Green River Solar, in Meade and Breckinridge counties. The Green River Solar project will generate up to 200 mW of electricity. The Kentucky-produced steel will be used for the racking system that supports the projects' solar panels.

Sebree Solar I is anticipated to begin commercial operation in December 2025. Over its 30-year lifespan, it will contribute approximately $20 million in additional tax revenue to Henderson County.

This announced PPA advances Nucor's broader sustainability strategy and complements a wind-powered PPA that Nucor entered into in 2021. Nucor has agreed to off-take a total of 350 mW of carbon-free electricity through these two PPAs, enough to provide sufficient power to approximately 100,000 U.S. households annually.