NextEra Energy Resources LLC Acquires $1.5 Billion Solar Park Project

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Researched by Industrial Info Resources (Sugar Land, Texas)--NextEra Energy Resources LLC (Juno Beach, Florida) acquired the Blythe Solar Park project from Solar Trust of America LLC (Cleveland, Ohio) this September. The project is located in Blythe, California, and is in the process of relicensing permits and searching for a power purchase agreement (PPA).

The project, worth about $1.5 billion, is seeking a final approval deadline of next March. As stated in mydesert.com, the project also will have to win state approval to move forward.

Once approved, the 485-megawatt (MW) Blythe Solar Park will be constructed in Riverside County, California, and will consist of four phases. The first three will include 125 MW of photovoltaic solar panels, while the fourth phase will include 110 MW of renewable energy to be added to the grid.

NextEra Energy Resources LLC, a subsidiary of NextEra Energy Incorporated (NYSE:NEE), is known as one of the largest generation companies of wind and solar power in North America. It also has ventured into fossil fuel, nuclear and distribution generation.

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