NextEra Energy Resources LLC has announced that its subsidiary, Redwood Trails Wind LLC, has obtained approximately $234 million in financing for 236.8 MW 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 says it intends to use the proceeds of the loan to reimburse, in part, capital contributions the company had made to develop and build the wind energy projects.
"We are very pleased to have closed another project finance transaction this year," says Moray Dewhurst, vice chairman and chief financial officer of NextEra Energy Inc. "Securing an 18-year tenor at attractive interest rates in the current bank market is a testament to both the strength of the portfolio and the strength of our banking relationships."
