NextEra Energy Partners Buys Renewable Energy Projects for $312 Million

GE wind farm

NextEra Energy Partners LP (NYSE: NEP) completed the acquisition of 285 MW of contracted renewable energy projects from a subsidiary of its sponsor, NextEra Energy Resources LLC, for $312 million.

The acquisition expands the contracted renewable energy projects in NextEra Energy Partners’ portfolio to approximately 2,656 MW. The recent transaction includes two wind facilities commissioned in 2015 with General Electric (NYSE: GE) technology. Cedar Bluff Wind Energy Center is an approximately 199-MW plant in Kansas, and Golden Hills Wind Energy Center is an approximately 86-MW plant in California. Both are fully contracted under long-term power purchase agreements with unnamed counterparties.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...