NextEra Energy Partners completes acquisitions of four wind assets in Calif. and NH

NextEra Energy Partners, LP completed its acquisition of a 391-megawatt (MW) portfolio of four operating wind assets located in California and New Hampshire.

The portfolio is comprised of four wind generation facilities that are in markets with expected long-term renewables demand. They include Alta Wind VIII, a 150-MW wind generating facility in California; Windstar, a 120-MW wind generating facility in California; Coram, a 22-MW wind generating facility in California; and Granite, a 99-MW wind generating facility in New Hampshire.

“The completion of this transaction demonstrates NextEra Energy Partners’ continued ability to execute its long-term growth plan,” Jim Robo, chairman and CEO of NextEra, said. “This portfolio is an attractive acquisition for NextEra Energy Partners and is supported by our ability to leverage NextEra Energy Resources’ best-in-class operating platform to reduce costs and create value for LP unitholders. The approximately 400 megawatts of long-term contracted wind projects with high-credit-quality customers are well-situated in markets with expected long-term renewables demand, which provides incremental optionality to NextEra Energy Partners with this investment in the future.”

Robo said NextEra Energy Partners remains on a trajectory to grow its LP distributions per unit by 12 percent to 15 percent through 2024.

NextEra Energy Partners is a limited partnership formed by NextEra Energy. NextEra Energy Partners, headquartered in Juno Beach, Fla., owns interests in wind and solar projects in the United States as well as natural gas infrastructure assets in Texas and Pennsylvania.