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.

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