NextEra Energy Resources announces completion of subsidiary financing

NextEra Energy Resources, LLC,  has announced that its subsidiary, Redwood Trails Wind, LLC, has obtained approximately US$ 234 million in financing for 236.8MW of wind energy projects located in Oklahoma and California.

The limited recourse term loan has a variable rate and matures in December 2029. NextEra Energy Resources intends to use the proceeds of the loan to reimburse, in part, capital contributions made by NextEra Energy Resources to develop and build the wind energy projects. The loan is secured by liens on the wind energy projects assets and the ownership interest in Redwood Trails Wind, LLC.