NextEra Energy Resources completes purchase of wind projects from Babcock & Brown
JUNO BEACH, Fla. – NextEra Energy Resources, LLC, a subsidiary of FPL Group, Inc. (NYSE:FPL) and North America’s leading generator of wind power, today announced it has completed its previously announced acquisition of three operating wind projects with a combined capacity of 184.5 megawatts (MW) from Babcock & Brown.
The projects included in the transaction are:
• 79.5-MW Majestic Wind Energy Center located in Carson County, Texas, northeast of Amarillo. The Majestic project is comprised of 54 GE 1.5-MW turbines. All of the output from this project is sold to Southwestern Electric Power Company, a subsidiary of AEP, under a long-term contract.
• 54-MW Butler Ridge Wind Energy Center located in Dodge County, Wisconsin, northwest of Milwaukee. The Butler Ridge project is comprised of 36 GE 1.5-MW wind turbines. A portion of the output from the project is sold to Wisconsin Public Power under a long-term contract. The remaining output is expected to be sold to Midwest utilities to serve their growing renewable portfolio standard requirements.
• 51-MW Wessington Springs Wind Energy Center located in Jerauld County, South Dakota, south of Wessington Springs. The Wessington Springs project is comprised of 34 GE 1.5-MW wind turbines. All of the output from this project is sold to Heartland Consumer Power District under a long-term contract.
Mitch Davidson, president and CEO of NextEra Energy Resources, said, “This acquisition furthers our clean energy leadership in North America and is consistent with our strategy to profitably grow our wind portfolio. All of these projects are located in markets with very strong wind regimes and utilize proven wind turbine technology. In addition, we are pleased that more than 80 percent of the total output from these three facilities is being sold under long-term contracts to creditworthy counterparties.”
NextEra Energy Resources is the largest generator of wind power in North America. Today the company operates over 8,600 wind turbines at more than 70 wind projects located in 16 states and two Canadian provinces. In addition to its wind portfolio, NextEra Energy Resources is also the largest operator of solar power in the U.S., with 310 MW located in California’s Mojave Desert.
About NextEra Energy Resources
NextEra Energy Resources is a clean energy leader and one of the largest competitive energy suppliers in North America. A subsidiary of Juno Beach, Fla.-based FPL Group (NYSE: FPL), NextEra Energy Resources is the largest generator in North America of renewable energy from the wind and sun. It operates clean, emissions-free nuclear power generation facilities in New Hampshire, Iowa and Wisconsin as part of the FPL Group nuclear fleet, which is the third largest in the U.S. FPL Group had 2008 revenues of more than $16 billion, approximately 39,000 megawatts of generating capacity, and more than 15,000 employees in 27 states and Canada. For more information, visit these Web sites: www.NextEraEnergyResources.com, www.FPLGroup.com.
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