Otter Tail Power Company agreed to acquire Ashtabula Wind III, LLC from NextEra Energy Partners, LP (NYSE:NEP) for $49.7 million on June 23, 2022. The purchase price is subject to certain closing adjustments. The transaction is subject to regulatory approval. As of September 30, 2022, regulatory approval for the purchase has been received. The transaction is expected to close in January 2023. Cam C. Hoang, Robert G. Hensley, Alyson Van Dyk and Kelly Radd of Dorsey & Whitney LLP acted as legal advisor to Otter Tail Corporation, parent company of Otter Tail Power Company.

Otter Tail Power Company completed the acquisition of Ashtabula Wind III, LLC from NextEra Energy Partners, LP (NYSE:NEP) on January 3, 2023.