NEP 1,388 MW renewables drop-down + BlackRock $750M convertible equity portfolio financing
NEP agrees to acquire 11-project wind/solar portfolio (1,388 MW) — incl. Rush Springs Wind (250 MW OK), Mountain View Solar (20 MW NV). $930M tax equity assumption. BlackRock GE&PI provided $750M convertible equity portfolio financing.
$1.27B
Deal Value
1,388MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- NextEra Energy Resources
- Buyer / Financier
- NextEra Energy Partners
- Offtaker
- NextEra Energy Partners
- Deal Value
- $1.275B + $750M BlackRock CEPF
- Stage
- Development
- ISO/RTO
- Multiple
- Source
- PRNewswire / NEP
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