NextEra Energy Partners has entered into an agreement with a subsidiary of NextEra Energy Resources to acquire a 50% interest in an approximately 2,520MW renewables portfolio.
The portfolio to be acquired by NextEra Energy Partners consists of 50% of the indirect membership interests in the following wind generation facilities: White Mesa Wind in Texas (501 MW), Irish Creek Wind in Kansas (301 MW), Little Blue Wind in Nebraska (251 MW), Minco Wind Energy III in Oklahoma (107 MW), Ensign Wind Energy in Kansas (99 MW), Borderlands Wind in New Mexico (99 MW) and Hubbard Wind in Texas (300 MW). NextEra Energy Partners expects to acquire the interests in the assets for a total consideration of approximately $849 million, subject to working capital and other adjustments, plus NextEra Energy Partners’ share of the portfolio’s total tax equity financings, which is estimated to be approximately $866 million at the time of closing. NextEra Energy Partners expects to close the acquisition later this year or in early 2022, subject to customary closing conditions and receipt of certain regulatory approvals.