The limited recourse term loan has a variable rate and matures in December 2029.
NextEra Energy Resources intends to use the proceeds of the loan to reimburse, in part, capital contributions made by NextEra Energy Resources to develop and build the wind energy projects.
NextEra Energy vice chairman and CFO Moray Dewhurst said securing an 18-year tenor at attractive interest rates in the current bank market is a testament to both the strength of the portfolio and the strength of the company’s banking relationships.
The loan is secured by liens on the wind energy projects assets and the ownership interest in Redwood Trails Wind.
NextEra Energy Resources is a clean energy firm and a competitive energy supplier in North America.
