Next Era is seeking the approval of the Federal Energy Regulatory Commission to sell tax equity interests in three nearly-completed Kansas wind projects.
The investors interested in the projects are BAL Investment & Advisory Inc., a wholly-owned subsidiary of Bank of America Corp, and BNY Mellon, subsidiary of The Bank of New York Mellon Corp.
The projects involved in the transaction are Ninnescah Wind Energy LLC, Kingman Wind Energy I LLC and Kingman Wind Energy II LLC. The two investors would acquire 100% of the Class B Membership Interests in the three projects.
Ninnescah project involves a wind facility with a capacity of 208.3 MW located in Pratt County, Kansas. Ninnescah has a a long-term power purchase agreement (PPA) with Westar Energy. It is scheduled to start commercial operation by early November.
Kingman I and II wind projects comprise two 103.3 MW facilities located in Kingman County, Kansas. Both hold a a long-term power purchase agreement with Westar for 100% of the power generated.