NextEra Energy Resources, LLC, a subsidiary of FPL Group, Inc. and North America’s leading generator of wind power, today announced it has entered into an agreement to purchase three operating wind projects with a combined capacity of 184.5 megawatts (MW) from Babcock & Brown.
Under the terms of the agreement, a wholly owned subsidiary of NextEra Energy Resources will purchase three operating wind projects for approximately $352 million. The projects included in the transaction are:
* 79.5-MW Majestic Wind Energy Center located in Carson County, Texas, northeast of Amarillo. 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, a subsidiary of AEP, under a long-term contract.
* 54-MW Butler Ridge Wind Energy Center located in Dodge County, Wisconsin, northwest of Milwaukee. 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.
* 51-MW Wessington Springs Wind Energy Center located in Jerauld County, South Dakota, south of Wessington Springs. 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.