FPL Energy, LLC recently joined with Carlyle/Riverstone Global Energy and Power Fund II, LP in announcing that Kramer Junction Solar Funding, LLC has completed the issuance of $125 million of senior secured notes with a final maturity of 2014.

According to FPL, the financing is in connection with the acquisition of a majority interest in five 30-megawatt solar energy generation system (SEGS III-VII) assets by FPL, several of its affiliates and affiliates of Carlyle/Riverstone.

FPL noted that all of the power generated from SEGS projects will be sold to Southern California Edison (SCE) under long-term contract.