NextEra Energy invests $109M on 664 MW of renewable energy

 NextEra Energy invests $109M on 664 MW of renewable energy

NextEra Energy Partners has invested $109 million to acquire approximately 664-MW of operating renewable power generation assets from NextEra Energy Resources (NYSE: NEE).

With the addition of the four wind power facilities, NextEra Energy Partners' portfolio expands to about 1,923-MW of contracted, clean energy projects.

The additional facilities include:

·      Ashtabula Wind III, a 62.4-MW wind generating facility located in Barnes County, N.D.;

·      Baldwin, a 102.4-MW wind generating facility located in Burleigh County, N.D.;

·      Mammoth Plains, a 198.9-MW wind generating facility located in Dewey and Blaine Counties, Okla.; and

·      Stateline, a 300-MW wind generating facility located on the border of Walla Walla County, Wash., and Umatilla County, Ore.

NextEra Energy Partners used net proceeds from a private placement of common units, proceeds from a previously announced $313 million term loan, and cash on hand to fund the purchase price of the acquisitions.

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