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NextEra Energy Partners seeks FERC nod to acquire 1,388-MW renewable portfolio

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

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NextEra Energy Partners seeks FERC nod to acquire 1,388-MW renewable portfolio

NextEra Energy Partners on Sept. 5 filed an application with the Federal Energy Regulatory Commission seeking approval for its proposed acquisition of an approximately 1,388-MW portfolio of wind and solar projects from NextEra Energy Resources LLC.

Under the deal valued at $1.28 billion, the partnership will also assume $930 million in tax equity financing and $38 million of nonrecourse project debt as of year-end 2018.

The portfolio consists of the 20-MW Mountain View Solar Plant in Clark County, Nev., and the following wind projects: the 120-MW Bluff Point Wind Farm in Jay and Randolph counties, Ind.; the 98-MW Breckinridge Wind Project in Garfield County, Okla.; the 150-MW Carousel Wind Farm in Kit Carson County, Colo.; the 90-MW Cottonwood Wind Facility in Webster County, Neb.; the 46-MW Golden Hills North Wind Project in Alameda County, Calif.; the 200-MW Javelina II facility in Webb County, Texas; the 206-MW Kingman I and II facilities in Kingman County, Kan.; the 208-MW Ninnescah Wind Farm in Pratt, Kingman and Sedgwick counties, Kan.; and the 250-MW Rush Springs Wind Farm in Grady and Stephens counties, Okla.

The companies asked the commission to approve the transaction by Nov. 5.

NextEra Energy Partners is a yieldco managed by NextEra Energy Inc., which is the parent of NextEra Energy Resources. (FERC docket EC18-151)