~2 GW gross / 1,080 MW net renewables — Appaloosa Run Wind, Eight Point Wind, Yellow Pine Solar + 10 others (4 newly built + 9 operating wind/solar/storage)
NextEra Energy Partners acquires 1,080 MW net renewables from NextEra Energy Resources — $805M convertible equity from Ontario Teachers' Pension Plan + assumed ~$1.5B tax equity. Includes Appaloosa Run Wind, Eight Point Wind, Yellow Pine Solar + 10 others. NEP later rebranded as XPLR Infrastructure.
$805M
Deal Value
1,080MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- NextEra Energy Resources
- Buyer / Financier
- NextEra Energy Partners (with Ontario Teachers' Pension Plan convertible equity)
- Deal Value
- $805M convertible equity + assumed tax equity ~$1.5B
- Stage
- Mixed (Operating + Construction)
- ISO/RTO
- Multiple
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