NextEra Energy Resources completes purchase of Kansas wind farm
JUNO BEACH, Fla., Dec. 3, 2012
JUNO BEACH, Fla., Dec. 3, 2012 /PRNewswire/ --NextEra Energy Resources, LLC,
the largest generator of renewable energy from the wind and sun in the United
States, today announced that its subsidiaries have completed the purchase of
the approximately 165-megawatt (MW) Cimarron I Wind Energy Center from CPV
Renewable Energy Company. Financial terms were not disclosed.
(Logo: http://photos.prnewswire.com/prnh/20110421/FL87524LOGO )
The project, located in Gray County in southwest Kansas, is comprised of 72
Siemens 2.3- MW turbines spread across approximately 14,000 acres. All of the
power from the project is being sold to the Tennessee Valley Authority under a
20-year power purchase agreement. An affiliate of NextEra Energy Resources
owns and operates the project.
"The addition of the Cimarron Wind Energy Center is consistent with our
strategy to add fully-contracted clean energy projects to our portfolio," said
Armando Pimentel, president and CEO of NextEra Energy Resources. "In addition
to generating clean, emission-free energy, this project will have a positive
impact on the local economy for years to come. With continued public policy
support for wind energy generation, we look forward to bringing the economic
and environmental benefits of wind energy to other communities across the
"CPV is extremely pleased to have worked with NextEra Energy Resources on this
transaction; a company that is leading the way increasing the amount of clean,
renewable resources available to power our electricity-intensive lives," said
Sean Finnerty, senior vice president of renewable development, CPV Renewable
Energy Company. "With excellent wind resources, an ideal location, a 20-year
contract with a blue-chip off-taker, and dedicated firm transmission, Cimarron
Wind Energy Center is a prime example of the type of clean energy project CPV
is proud to develop."
NextEra Energy Resources is no stranger to Kansas. The company currently owns
and operates the 112-MW Gray County Wind Energy Center and the approximately
99-MW Ensign Wind Energy Center that was brought into service in November
2012. Together, NextEra Energy Resources' three Kansas Wind Energy Centers are
capable of generating enough power for more than 100,000 homes.
The Cimarron and Ensign Wind Energy Centers are part of the approximately
1,500 MW of U.S. wind projects that NextEra Energy Resources expects to bring
into service by the end of 2012. This will be the biggest wind program ever
completed in this country in a single year and will push NextEra Energy
Resources' total wind portfolio over the 10,000 MW mark.
About NextEra Energy Resources
NextEra Energy Resources, LLC (together with affiliated entities, "NextEra
Energy Resources"), is a clean energy leader and is one of the largest
competitive energy suppliers in North America, operating in 22 states and
Canada as of year-end 2011. NextEra Energy Resources is the largest generator
in the United States of renewable energy from the wind and sun, owning and
operating approximately 8,569 megawatts of wind and 158 megawatts of solar
power generation at the end of 2011. The business operates clean,
emissions-free nuclear power generation facilities in New Hampshire, Iowa and
Wisconsin as part of the NextEra Energy nuclear fleet, which has the third
largest number of commercial nuclear power units in the United States. NextEra
Energy Resources is a subsidiary of Juno Beach, Fla.-based NextEra Energy,
Inc. (NYSE: NEE). For more information, visit www.NextEraEnergyResources.com.
About Competitive Power Ventures
Competitive Power Ventures, LLC (CPV) is dedicated to increasing America's
sustainability; both economically and environmentally. Using
domestically-available energy sources, like wind and natural gas, and
partnering with host communities to support their tax base and school
districts, CPV works to stabilize and improve local and state economies. CPV's
corporate mission is built around a belief that progressive companies can be
powerful agents of change for a better world and a cleaner environment. To
this end, we have focused our core activities around developing and operating
energy facilities that can make a significant difference in improving the
environments and economic well-being of a region.
Headquartered in Silver Spring, MD, with offices in Braintree, MA, San
Francisco, CA and Toronto, Ontario, Canada the company currently has 5,800 MW
of conventional generation projects in various stages of development across
North America. The company's Asset Management division has ramped up to more
than 5,600 MWs of natural gas generation and wind power under management. CPV
Renewable Energy Company is currently developing 2,300 MWs of wind power
projects across North America. Find out more at www.cpv.com.
SOURCE NextEra Energy Resources, LLC
Contact: NextEra Energy Resources, LLC, Media Line, 1-888-867-3050 or
Competitive Power Ventures (CPV), Braith Kelly, Sr. VP Public Affairs,
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