The assets are located in an area stretching from Indiana to California.

NextEra Energy Partners, LP says it will buy 11 wind and solar projects with around 1,388 megawatts (MW) of generating capacity from a unit of NextEra Energy Resources for $1.275 billion.

The company also obtained $750 million in portfolio financing with a fund managed by BlackRock Global Energy & Power Infrastructure.

The deal replaces a portfolio of Canadian assets that NextEra Energy Partners sold earlier in 2018. It says the new portfolio includes higher-yielding assets that benefit from a lower tax rate and longer tax shield.

The newly acquired portfolio of wind and solar assets include:

• Bluff Point Wind Energy Center, a 120 MW wind generation plant in Jay and Randolph counties, Ind.;
• Breckinridge Wind Energy Center, a 98 MW wind generation plant in Garfield County, Okla.;
• Carousel Wind Energy Center, a 150 MW wind generation plant in Kit Carson County, Colo.;
• Cottonwood Wind Energy Center, a 90 MW wind generation plant in Webster County, Neb.;
• Golden Hills North Wind Energy Center, a 46 MW wind generation plant in Alameda County, Calif.;
• Javelina II Wind Energy Center, a 200 MW wind generation plant located in Webb County, Texas;
• Kingman I and II Wind Energy Centers, two wind generation plants with a combined generating capacity of 206 MW located in Kingman County, Kan.;
• Ninnescah Wind Energy Center, a 208 MW wind generation plant located in Pratt, Kingman and Sedgwick counties, Kan.;
• Rush Springs Wind Energy Center, a 250 MW wind generation plant located in Grady and Stephens counties, Okla.; and
• Mountain View Solar Energy Center, a 20 MW photovoltaic solar energy generating facility located in Clark County, Nev.

NextEra Energy Partners is buying the portfolio for $1.275 billion, plus the assumption of around $930 million in tax equity financing and $38 million of project debt.

NextEra Energy Partners expects to complete the acquisition in the fourth quarter of 2018, subject to customary closing conditions and regulatory approvals.

NextEra Energy Partners intends to initially finance the acquisition through a combination of the $573 million proceeds from the sale of its Canadian assets and borrowing capacity under an existing credit facility. Funds drawn under the credit facility are expected to be immediately repaid with the new financing from BlackRock.

NextEra Energy Resources, LLC is one of the largest wholesale generators of electric power in the U.S., with more than 19,000 megawatts of generating capacity, primarily in 32 states and Canada. It is a unit of Florida-based NextEra Energy, Inc.