NextEra Energy Partners, LP announces agreement to acquire approximately 1,388 megawatts of contracted renewables projects and enters into a $750 million convertible equity portfolio financing

NextEra News Release

JUNO BEACH, Fla., Sept. 5, 2018 /PRNewswire/ — NextEra Energy Partners, LP (NYSE : NEP ) today announced that it has entered into an agreement with a subsidiary of NextEra Energy Resources, LLC to acquire a geographically diverse portfolio of 11 wind and solar projects, collectively consisting of approximately 1,388 megawatts (MW) . . . The assets include the Cottonwood Wind Energy Center, a 90-MW wind generation plant in Webster County, Nebraska. Read the entire release here.

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Additional Recommended Reading

  • NextEra’s Sholes Wind Energy Center project in northern Wayne County near the village of Sholes, 160 megawatts, will be completed in 2018. Omaha World-Herald news story:
    OPPD partner’s wind power project will continue utility’s renewable energy growth
    Once opened, it would boost OPPD’s amount of wind-generated electricity to 971 megawatts, OPPD says. That’s enough to power about 125,000 homes.
    The NextEra project is OPPD’s third-largest contract for wind power, behind the 400 megawatts the utility buys from Grande Prairie wind farm in Holt County and the 200 megawatts from the Prairie Breeze project in Antelope County. OPPD is also working with NextEra on building its first community solar power array, a 5-megawatt facility being built near Fort Calhoun.
  • NPPD Wind Generation: NextEra’s first Nebraska wind project was the Steele Flats Wind Farm near the Kansas Border in Jefferson and Gage Counties, 75 megawatts, which began commercial operation in 2013.
  • Utility Dive: NextEra’s renewables backlog grows to 7.4 GW as customers anticipate lower costs
    The influx of new signed contracts show confidence in lower prices of renewables products. ​NextEra, whose batteries have added $0.015/kWh to the cost of wind and solar projects built in the last six to 12 months, anticipates storage costs to fall to $0.005/kWh for projects paired with renewable energy in 2025.
  • PV Magazine USA: 

NextEra expects storage to add half a cent to solar in mid-2020’s