“If we achieve the midpoint of our development expectations, this pace of development is expected to more than double our combined renewable generation portfolio, growing from 38 gigawatts today to potentially 81 gigawatts by the end of 2027 — 'today, there are forecasts for an approximate 6x increase in power demand growth in the next 20 years versus the prior 20.'”

Tracking: NextEra reported a development backlog of roughly 30 GW as of its Q4 2025 call; the 81 GW portfolio target resolves at the end of 2027.