NextEra Energy Completes Purchase from Southern Company of Ownership Interests in Two Florida Power Plants

LCG, December 5, 2018--NextEra Energy announced yesterday that it completed the acquisition of Southern Company's indirect ownership interests in the Stanton and Oleander natural gas power plants in Florida. The acquisition was previously announced in May of this year.

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Emera to Sell Three Combined-Cycle Power Plants in New England

LCG, November 29, 2018 --Emera Inc., headquartered in Halifax, Nova Scotia, announced this week that it has agreed to sell three natural gas-fired electric generating facilities that it owns in New England to the investment firm Carlyle Group for $590 million. The combined electric generating capacity of the three facilities is approximately 1,100 MW. The acquisition is expected to close in first quarter 2019.

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Industry News

Innergex and BlackRock Announce Commercial Operation of the 200 MW Flat Top Wind Farm in Texas

LCG, March 28, 2018--Innergex Renewable Energy Inc. and BlackRock Real Assets announced the commissioning on March 23, 2018, of the 200-MW, Flat Top wind farm located in central Texas.

The Flat Top wind farm includes 100 Vestas V110 wind turbines that each have a nameplate capacity of 2.0 MW. Vestas will operate the wind farm under a 10-year operation and maintenance contract.The wind farm is located in Comanche and Mills Counties.

Innergex holds a 51 percent interest in the wind farm, which was acquired on February 6, 2018, as part of the acquisition of Alterra Power Corp. A fund managed by BlackRock Real Assets holds the remaining 49 percent. Alterra Power Corp. acquired the project in June 2016.

The President and Chief Executive Officer of Innergex stated,
"Innergex is proud to continue its core mission with the commissioning of another reliable, affordable, clean and renewable energy facility that will play a part in addressing global climate change. The commissioning of our second wind farm in Texas is a significant milestone in our strategy as we aim to increase our presence in the United States where we intend to bring more high-quality projects online in a near future."

"We are very pleased to invest in the Flat Top wind farm on behalf of our clients. This transaction demonstrates BlackRock's continued focus on renewable power investments, which currently amount to US$5 billion of equity assets under management," said the head of BlackRock Renewable Power Americas and APAC. "We continue to see the U.S. an attractive market for wind assets where BlackRock have invested in more than 30 wind and solar projects."
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