{"id":1004147573,"date":"2016-07-07T01:11:19","date_gmt":"2016-07-07T09:11:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004147573"},"modified":"2020-05-18T10:48:36","modified_gmt":"2020-05-18T18:48:36","slug":"u-s-wind-facilities-command-312m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/u-s-wind-facilities-command-312m\/","title":{"rendered":"US Wind Facilities Command $312M"},"content":{"rendered":"<p>By Keith Loria, Contributing Editor<\/p>\n<div id=\"attachment_1004147579\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/cedar-bluff.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004147579\" data-attachment-id=\"1004147579\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/u-s-wind-facilities-command-312m\/cedar-bluff\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/cedar-bluff.jpg\" data-orig-size=\"716,499\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Ioana Neamt&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1467884760&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"cedar bluff\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/cedar-bluff.jpg?w=716\" class=\"wp-image-1004147579 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/cedar-bluff.jpg\" alt=\"Wind turbines\" width=\"300\" height=\"209\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/cedar-bluff.jpg 716w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/cedar-bluff.jpg?resize=300,209 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004147579\" class=\"wp-caption-text\">Wind turbines<\/p><\/div>\n<p><strong>Miami<\/strong>\u2014<a href=\"https:\/\/www.nexteraenergypartners.com\/\" rel=\"nofollow\" target=\"_blank\">NextEra Energy Partners<\/a> LP has acquired nearly 285 megawatts of contracted renewables from two modern wind facilities from a subsidiary of its sponsor, NextEra Energy Resources LLC, for $312 million, plus the assumption of approximately $253 million in liabilities.<\/p>\n<p>\u201cThis transaction once again demonstrates the strong and visible runway for future growth opportunities from our sponsor, NextEra Energy Resources, which we believe is a core strength of the partnership\u2019s value proposition,\u201d Jim Robo, NextEra Energy Partners chairman &amp; CEO, said in a prepared release. \u201cThe partnership\u2019s already strong and flexible financial position for the year is further advanced by the addition of these high-quality projects expected to provide an attractive yield to investors.\u201d<\/p>\n<p>Located in Ellis, Ness, Rush and Trego counties in Kansas, Cedar Bluff Wind Energy Center is a 198.7-megawatt wind generation plant that has 111 1.7-megawatt GE turbines capable of generating enough electricity to power about 59,400 homes.<\/p>\n<p>Golden Hills Wind Energy Center is a 85.9-megawatt wind generation plant located in Alameda County, Calif., that has 48 1.7-megawatt GE turbines capable of generating enough electricity to power about 25,500 homes.<\/p>\n<p>Both began operating in December 2015 and are fully contracted under long-term power purchase contracts with strong creditworthy counterparties and remaining contract lives of approximately 20 years.<\/p>\n<p>With the purchase, NextEra Energy Partners expands its portfolio to approximately 2,656 MW, excluding its ownership interests in equity method investments.<\/p>\n<p>According to Robo, the utilization of debt to fund a portion of the initial purchase price reflects the partnership\u2019s flexible and opportunistic approach to financing.<\/p>\n<p>\u201cAs we continue to execute on our growth strategy and increase our portfolio, we remain well-positioned to deliver value to our investors,\u201d he said. \u201cIn our view, NextEra Energy Partners remains the premier YieldCo in the space.\u201d<\/p>\n<p>The company expects the acquisition to contribute adjusted EBITDA, including grossed up (pre-tax) tax credits, of approximately $70 million to $80 million and cash available for distribution of approximately $29 million to $34 million, each on an annual run-rate basis as of end of year 2016.<\/p>\n<p><em>Image courtesy of NextEra Energy Resources<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NextEra Energy Partners has acquired two wind generation plants located in Kansas and California.<\/p>\n","protected":false},"author":451,"featured_media":1004147579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21748,21783,13,21742,21786,15],"tags":[],"class_list":["post-1004147573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-industrial","category-investment","category-midwest","category-latest","category-sustainability","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US Wind Facilities Command $312M - Commercial 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