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Nucor Corporation signs Power Purchase Agreement with NextEra Energy Resources

Nucor Corporation has partnered with NextEra Energy Resources to facilitate solar power development in Kentucky through a Power Purchase Agreement.

Nucor Corporation signs Power Purchase Agreement with NextEra Energy Resources

Nucor Corporation has signed a Power Purchase Agreement (PPA) with NextEra Energy Resources to support solar energy development in Kentucky. The two-phase solar project, Sebree Solar, will have a capacity of up to 400 megawatts of American-produced energy and will begin construction in Fall 2023. The steel for Sebree Solar I will be sourced from Nucor Steel Gallatin in Ghent, Kentucky, and will also be used for another solar project by NextEra Energy Resources, Green River Solar, in Meade and Breckinridge counties. The Kentucky-produced steel will be used for the racking system supporting the projects' solar panels.

The project is expected to begin commercial operation in December 2025 and contribute approximately $20 million in additional tax revenue to Henderson County over its 30-year lifespan. This collaboration advances Nucor's broader sustainability strategy and complements a wind-powered PPA entered into in 2021. Nucor has agreed to off-take a total of 350 megawatts of carbon-free electricity through these two PPAs, enough to provide sufficient power to approximately 100,000 U.S. households annually.

NextEra Energy Resources, the world's largest generator of wind and solar energy, and a world leader in battery storage, is pleased to work with Nucor to help them achieve their sustainability goals. The construction of Sebree will lead to substantial orders for Nucor's Ghent facility and millions of megawatt hours of Kentucky-generated solar energy added to the electricity grid. Kentucky House Speaker David Osborne expressed his appreciation for the leadership that made this deal possible and looks forward to seeing the positive impact it will have for generations.


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