NextEra Subsidiary Nets Financing For Large Wind Energy Portfolio

Posted by NAW Staff on December 22, 2011 No Comments
Categories : Projects & Contracts

NextEra Energy Resources LLC says its subsidiary Golden Winds LLC has raised funding for three California wind farms with an aggregate capacity of 205.9 MW.

NextEra issued Class B membership interests to JPMorgan Capital Corp. in exchange for approximately $131 million at closing, and an expected additional $78 million capital contribution in early 2012.

‘These market transactions continue to show the attractiveness of our wind energy portfolio, and we are pleased to be able to demonstrate continued success in the tax-equity market,’ says Moray Dewhurst, vice chairman and chief financial officer of NextEra Energy Inc.

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