~2,520 MW renewables portfolio: Little Blue Wind (251 MW NE) + Minco Wind III (107 MW OK) + Borderlands Wind (99 MW NM) + Elora Solar (150 MW TN) + Quitman II Solar (~150 MW GA) + Quinebaug Solar (~49 MW CT) + Fish Springs + Dodge Flat (NV) + Cool Springs Solar (GA)
NextEra Energy Partners announced agreement to acquire 50% interest in 2,520 MW renewables portfolio (wind, solar, solar+storage). Total deal value ~$849M. Apollo committed $824M convertible equity portfolio financing. Drop-down from NextEra Energy Resources. Closed Q4 2021/Q1 2022.
$849M
Deal Value
2,520MW
Capacity
Mixed
Technology
FL
Location
Deal Details
- Deal Type
- Convertible Equity
- Seller / Sponsor
- NextEra Energy Resources (drop-down)
- Buyer / Financier
- NextEra Energy Partners (50% stake)
- Offtaker
- Multiple utilities
- Deal Value
- $849M (NEP) + $824M (Apollo)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- NextEra Energy IR
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