Alta Wind VIII (150 MW CA) + Windstar (120 MW CA) + Coram (22 MW CA) + Granite Reliable (99 MW NH) — 391 MW operating wind portfolio
NEP closed $733M acquisition of 391 MW operating wind portfolio from Brookfield Renewable. Three CA assets (Alta Wind VIII, Windstar, Coram) plus Granite Reliable in NH. Expected $63-70M adjusted EBITDA/CAFD on five-year average run-rate. Repowering opportunities post initial PPA term. Announced April 19, 2021.
$733M
Deal Value
391MW
Capacity
Wind
Technology
CA
Location
Deal Details
- Deal Type
- Asset Acquisition
- Seller / Sponsor
- Brookfield Renewable Partners
- Buyer / Financier
- NextEra Energy Partners
- Offtaker
- Multiple utilities
- Deal Value
- $733M
- Stage
- Operating
- ISO/RTO
- CAISO
- Source
- PR Newswire
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