Entergy Mississippi announced it is making its largest-ever commitment to renewable resources by replacing some aging natural gas plants with 1,000 MW of renewable energy, such as solar, over the next five years. Called EDGE for “Economic Development with Green Energy,” the strategy is two-fold: give Mississippi an edge in recruiting industry while simultaneously giving Entergy customers an effective hedge against volatile natural gas prices.
“The EDGE plan will provide major benefits to the customers and communities we serve,” said Haley Fisackerly, Entergy Mississippi president and CEO. “Having significant renewable power is as important to large companies as a state’s tax and incentive structure, site availability and labor force.
Under the EDGE plan, Entergy Mississippi would add 500 MW of renewable power to its portfolio by 2025 and another 500 MW by 2027. This would increase renewable power as a percentage of the company’s total power generation portfolio from less than 1% to 17% in three years and almost one-third in only five years. This increase would give Entergy Mississippi the fastest-growing renewable power portfolio in the state and one of the fastest- growing in the country. Currently, natural gas makes up the majority of the company’s power generation portfolio.
Communities will also see the benefits of new construction jobs and new tax revenue as a result of these renewable power plants all being built locally.
“Entergy’s EDGE plan will help Mississippi in its efforts to become energy independent, and increase the already wide range of energy options available to customers,” said Gov. Tate Reeves. “Entergy’s new power generation plan will help put Mississippi in an even better position to recruit job creators and contribute to our state’s economic growth.”
Mississippi’s public service commissioners also support the effort to bring more renewable power to Mississippians.
“It’s clear that economic development across the nation is moving faster by the day toward states that harness and develop clean, renewable energy,” said Northern District Commissioner Brandon Presley. “The fact is we can’t expect to compete in the modern economy without a strategy for providing the business community with clean, renewable power. I applaud Entergy’s efforts to develop this major project and look forward to the successes it will bring.”
Entergy Mississippi will begin issuing requests for proposals for multiple renewable projects in early 2022. The company would then take the finalized plans to the Mississippi Public Service Commission for review and potential approval later in the year.
Entergy Mississippi is already in the process of replacing some of the energy produced by recently-retired natural gas plants with renewable energy. The company’s partner, Recurrent Energy, broke ground in August on a 100-megawatt solar facility in Sunflower County that will power approximately 16,000 homes when it goes in service next year.