NextEra Completes Purchase of Wind Projects from Babcock & Brown

NextEra Energy Resources LLC, a subsidiary of FPL Group Inc has completed its previously announced acquisition of three operating wind energy projects with a combined capacity of 184.5 megawatts (MW) from Babcock & Brown.

The projects included in the sale include the 79.5-MW Majestic Wind Energy Center located in Carson County, Texas. 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 under a long-term contract.

The second project is the 54-MW Butler Ridge Wind Energy Center located in Dodge County, Wisconsin. 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.

The third project acquired by NextEra is the 51-MW Wessington Springs Wind Energy Center located in Jerauld County, South Dakota. 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.

“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 counterparts,” said Mitch Davidson, president and CEO of NextEra Energy Resources.

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