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NextEra Energy closes tax equity deal for Okla. wind project

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

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

NextEra Energy closes tax equity deal for Okla. wind project

Affiliates of General Electric Co. and JPMorgan Chase & Co. closed a deal to acquire all passive interest in a planned 250-MW wind project in Oklahoma from NextEra Energy Resources LLC for an undisclosed sum.

The Rush Springs project is in Stephens County and will sell power into the Southwest Power Pool Inc. market with separate contracts for differences with Owens Corning and Equinix Inc.

The tax equity transaction received FERC approval Dec. 8, and the parties completed the deal Dec. 14, the NextEra Energy Inc. subsidiary notified FERC in a Dec. 19 filing. (FERC docket EC17-5)

Earlier this month, NextEra Energy Resources commissioned another 250-MW project, the Silver State South solar plant in Nevada. The company claims to be the largest producer of wind and solar power in the world.