NextEra Energy Resources Subsidiary Raises $131 Million for Three Wind Projects Through a Tax Equity Transaction
JUNO BEACH, Fla., Dec. 22, 2011 /PRNewswire/ -- NextEra Energy Resources, LLC, announced that on Dec. 16, 2011, its subsidiary Golden Winds, LLC, issued Class B membership interests to JPMorgan Capital Corporation in exchange for approximately $131 million at closing, and an expected additional $78 million capital contribution in early 2012. Golden Winds consists of three California wind farms with an aggregate capacity of 205.9 megawatts.
"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," said Moray Dewhurst, vice chairman and chief financial officer of NextEra Energy, Inc.
NextEra Energy Resources
NextEra Energy Resources, LLC, is a clean energy leader and one of the largest competitive energy suppliers in North America. A subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc. (NYSE: NEE), 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 NextEra Energy nuclear fleet, which is the third largest in the United States. NextEra Energy had 2010 revenues of more than $15 billion, and, as of Dec. 31, 2010, nearly 43,000 megawatts of generating capacity, and approximately 15,000 employees in 28 states and Canada. For more information, visit www.NextEraEnergyResources.com.
SOURCE NextEra Energy Resources, LLC