# NextEra Energy Growth Strategy

> NextEra Energy targets 8%+ annual earnings growth through renewables and data centers.
- Title: NextEra Energy Growth Strategy · The Motley Fool | Shortify
- Summary: NextEra Energy targets 8%+ annual earnings growth through renewables and data centers. NextEra Energy plans 8%+ annual earnings growth through renewables and…
- Keywords: nextera energy, renewables, data centers, earnings growth, dominion energy, electricity demand, finance, money, NextEra, Energy, Growth, Strategy
- Source: The Motley Fool — https://fool.com/earnings/takeaways/2026/10/22/nextera-energy-3-key-takeaways-for-long-term-investors
- Author: The Motley Fool Team
- Published: 2026-10-22T16:57:08+00:00
- Read time: 1 min
- Topics: nextera energy, renewables, data centers, earnings growth, dominion energy, electricity demand, finance, money
## Clean Energy Backlog Progress
NextEra Energy achieved greater than two-thirds of its 2026-2029 development target.

> With these new additions to our backlog and projects that reach commercial operation, we have now achieved greater than two-thirds of the midpoint of our 2026 through 2029 development expectations
## Federal Hubs Generate Fees
Data center federal hubs yield 50% of expected earnings without capital risk.

> we expect federal hubs to generate approximately 50 percent of the expected adjusted earnings per share that energy resources would receive if we own the projects ourselves
## Renewables Recontracting Premium
Renewables projects recontracted at $20 per megawatt hour premium.

> we have priced on average at a roughly $20 per megawatt hour premium above recent realized pricing for these projects
## Merger Timeline
NextEra and Dominion Energy merger expected to close in second half of 2027.

> we continue to expect the combination will close in the second half of 2027
## Key takeaway

NextEra Energy plans 8%+ annual earnings growth through renewables and data centers by 2035.