NextEra Energy Inc. (NEE), a co. that engages in the generation, transmission, distribution, and sale of electric energy in the U.S. and Canada, announced today that its subsidiary Wild Prairie Wind, LLC, has obtained approximately $297 million in financing for 249 megawatts of wind energy projects in Iowa and South Dakota.
NextEra said that its limited recourse term loan has a variable interest rate and matures in September 2028, and that it intends to use the proceeds of the loan to reimburse, in part, capital contributions made by NextEra Energy Resources to develop and build both the wind assets and associated transmission lines.
NextEra Energy, Inc. was founded in 1984 and is headquartered in Juno Beach, Florida.
Shares of NextEra were down 21 cents, or 0.40%, to $54.79 at 2:45pm ET on Wednesday. NEE shares have traded between $45.29 and $56.57 over the last 52 weeks.