NextEra Energy Partners has signed a definitive agreement with Canada Pension Plan Investment Board (CPPIB) for the acquisition of the projects

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
NextEra Energy Partners has signed a definitive agreement with Canada Pension Plan Investment Board (CPPIB) for the acquisition of the projects. The sum includes the net present value of the operation and maintenance (O&M) origination fee, plus the assumption by the purchaser of approximately US$689 million in existing debt. An affiliate of NextEra Energy Resources will continue to operate all of the facilities included in the transaction under a 10-year services agreement with CPPIB. Subject to receipt of regulatory approvals and satisfaction of customary closing conditions, the sale is expected to close during the second quarter of 2018
List of the country updates

Country updates

  • March 30, 2018

    Vestas Wind Systems has been commissioned to supply and install wind turbines for the project

    Vestas Wind Systems has been commissioned to supply and install wind turbines for the project. The deal includes a 25-year Active Output Management 5000 (AOM 5000) service agreement

  • March 29, 2018

    Vestas has secured a full-scope EPC contract for the project

    Vestas has secured a full-scope EPC contract for the project. As part of the deal, Vestas will supply, transport, install and commission 13 units of its V136-3.45 MW turbine. The turbines are expected...

    Read more
  • March 29, 2018

    Massachusetts has announced that the project will proceed in its Clean Energy RFP, following the failure of the original winner (Eversource Energy's Northern Pass transmission project) to secure a Certificate of Site and Facility from the New Hampshire Site Evaluation Committee (NHSEC) and the termination of their conditional selection

    Massachusetts has announced that the project will proceed in its Clean Energy RFP, following the failure of the original winner (Eversource Energy's Northern Pass transmission project) to secure a Cer...

    Read more
  • March 29, 2018

    Vestas provides the turbines for the wind park

    Vestas provides the turbines for the wind park. Shipping is expected in the second quarter, while the wind park is slated for commissioning at end-2018. The order also includes a 25-year Active Output...

    Read more
  • March 29, 2018

    Meridian Energy has completed the acquisition

Share this update