We're committed to providing clean, affordable energy now and in the future. Over the last five years, we've invested nearly $5 billion to modernize our infrastructure. Our power generation portfolio is now one of the cleanest in the nation.
And we're proud to announce the addition to our resources of one of the largest solar power facilities planned for Louisiana. Entergy Louisiana customers' energy needs will soon be powered by the sun under a 20-year agreement to buy the output of a 50-megawatt solar power plant to be built in West Baton Rouge Parish by LA3 West Baton Rouge, L.L.C. LA3 is a subsidiary of Eagle Solar Group.
The project, one of the largest solar facilities planned in Louisiana, will be built on about 560 acres of land near Port Allen. Once complete in 2020, it will offset the equivalent of nearly 19,000 passenger vehicles' emissions in one year.
The power from the solar project will add to Entergy Louisiana's approximately 180 megawatts of renewable resources, which includes run-of-river hydro, biomass and waste heat recovery.
But the largest source of clean energy in Louisiana is nuclear power. About 24 percent of the energy our customers used in 2017 was nuclear, almost all of it produced by our Waterford 3 and River Bend nuclear units. These plants have been reliable sources of emission-free energy in Louisiana for over three decades.
Taking solar full circle with net metering.
We support policies where rooftop solar customers are credited for their excess energy at a rate that results in a fair division of grid costs -- the people, poles and wires -- among all customers. Entergy Louisiana customers will continue to:
Modernizing our generation fleet is a priority we take seriously. Because we know that clean, reliable and affordable power is what drives our economy and improves our customers' lives.
Construction is underway on two combined-cycle gas turbine plants in Calcasieu and St. Charles parishes. The St. Charles Power Station is scheduled to be complete in June 2019 and the Lake Charles Power Station will be up and running by June 2020.
We are increasing our environmental efficiency with each new project. Combined-cycle plants like the St. Charles Power Station emit, on average, about 40 percent less carbon dioxide compared to our older natural gas-fired units.
Our Entergy Solutions energy efficiency program offers a number of programs to help you lower your monthly bill. Whether you are a residential or business customer, you may be eligible for savings and incentives to help you save energy and money.Learn more about the programs we offer as well as browse through our online energy marketplace here
Top 10 Economic Development Utility.
For the 11th year in a row, Entergy has been named a Top 10 Economic Development Utility by Site Selection magazine.
Over 40,000 Louisiana jobs and counting.
Louisiana is home to about 4,500 Entergy employees, and we've helped attract more than 40,000 Louisiana jobs since 2005.
Investing $4 billion to strengthen the grid -- and our future.
From replacing transmission lines to building new power plants, Entergy Louisiana is investing approximately $4 billion to modernize our state's grid. It's a vital step to powering a bright future for our state.
Helping to grow Louisiana business.
Entergy Louisiana does more than keep the lights on. We work with our state and local economic development partners to attract new business while expanding local industry. Our team identifies construction sites, creates infrastructure estimates and performs environmental assessments for incoming corporations.
Rates among the lowest in the nation.
Affordable, reliable energy is essential for a thriving economy. It's a leading cause for new business to relocate to our state. Entergy Louisiana is committed to a diverse energy portfolio in order to consistently deliver rates well below the national average.
The combination of our low rates and low natural gas prices combined with world-class infrastructure has attracted energy-intensive industries to the state. Since 2010, Entergy has actively participated in 140 announced economic development projects in Louisiana totaling more than $77 billion in capital investments.