Overview

Agricultural Bank of China contributes to a $4.3 billion USD syndicated loan to NextEra Energy Capital Holdings for the development, construction, and operation of renewable energy projects

Commitment Year•2021Country of Activity•United StatesDirect Recipient Country of Incorporation•United StatesOverseas Jurisdiction•United StatesSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2021

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Agricultural Bank of China (ABC)

Receiving agencies

Private Sector

NextEra Capital Holdings, Inc. (NEECH)

Loan description

Agricultural Bank of China contributes to a $4.3 billion USD syndicated loan to NextEra Energy Capital Holdings for the development, construction, and operation of renewable energy projects

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2021, a syndicate of banks — including the New York Branch of the Agricultural Bank of China (ABC) — entered into a $4.3 billion USD syndicated loan agreement with NextEra Capital Holdings, Inc. (NEECH) — a Florida-incorporated holding wholly-owned company subsidiary of NextEra Energy, Inc. — for the development, construction, and operation of renewable energy projects.

Staff comments

1. NextEra Capital Holdings, Inc. (NEECH) is holding wholly-owned company subsidiary of NextEra Energy, Inc.