The Federal Energy Regulatory Commission has approved NextEra Energy Partners LP's proposed acquisition of approximately 1,388-MW portfolio of wind and solar projects from NextEra Energy Resources LLC for $1.28 billion.
As part of the deal, 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 facility in Jay and Randolph counties, Ind.; the 98-MW Breckinridge project in Garfield County, Okla.; the 150-MW Carousel facility in Kit Carson County, Colo.; the 90-MW Cottonwood facility in Webster County, Neb.; the 46-MW Golden Hills North 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 facility in Pratt, Kingman and Sedgwick counties, Kan.; and the 250-MW Rush Springs project in Grady and Stephens counties, Okla.
NextEra Energy Partners is a yieldco managed by NextEra Energy Inc., which also is the parent of NextEra Energy Resources. (FERC docket EC18-151)
