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NextEra finds tax equity investors for 299 MW of North Dakota wind

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NextEra finds tax equity investors for 299 MW of North Dakota wind

An indirect NextEra Energy Inc. subsidiary is planning to sell taxequity interests in Nokota Wind LLC, which owns two planned wind power plantsand a transmission line in North Dakota.

BAL Investment & Advisory Inc. and The Bank of New YorkMellon, or their affiliates, will acquire interests in the 150-MW wind facility inStark County, N.D., the 149-MW Brady II wind farm in Stark and Hettinger counties,N.D., and a 19-mile, 230-kV generation tie line.

The two wind farms will sell their output to under long-term power contracts.

NextEra will continue to own managing interests in thefacilities, according to a Sept. 27 FERC application.(EC16-194)

North Dakota regulators earlier this year on the proposed projects,each of which is estimated to cost $250 million. Brady I could start producingtest energy by Oct. 25, and the Brady II facility could start testing by Nov.15, according to the FERC application.