1 October 2009– NextEra Energy Resources, LLC, a subsidiary of FPL Group, Inc., signed an agreement with Babcock & Brown to buy three wind farms with a total capacity of 184.5 MW.
Under the terms of the agreement, a NextEra subsidiary will purchase the three projects for $352 million. They are:
- The 79.5 MW Majestic Wind Energy Center located in Carson County, Texas. The project is comprised of 54 GE 1.5-MW turbines. All of the output from this project is sold to Southwestern Electric Power Co, a subsidiary of AEP, under a long-term contract,
- The 54 MW Butler Ridge Wind Energy Center located in Dodge County, Wisc. The 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 while the remaining output is expected to be sold to Midwest utilities,
- The 51 MW Wessington Springs Wind Energy Center located in Jerauld County, S.D. The 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.
The deals are subject to approvals but NextEra expects to close the deal by the end of 2009. Upon closing, the company will assume management and operation of all three wind farms.
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