M&AClosedOctober 2, 2025

NextEra's Distributed Generation platform — 900+ MW operating solar/storage + 1 GW+ pipeline across 25 states

Madison Energy (owned by EQT) acquires NextEra's distributed generation business — 900+ MW operating assets, 1 GW+ pipeline, 500+ projects across 25 states. Madison combined portfolio reaches ~1 GW operating. Follows Madison's $800M debt facility.

900MW

Capacity

Solar

Technology

Multi-state (25 states)

Location

Deal Details

Deal Type
Project M&A
Seller / Sponsor
NextEra Energy Resources
Buyer / Financier
Madison Energy Infrastructure (EQT)
Deal Value
Undisclosed
Stage
Mixed (Operating + Development)
ISO/RTO
Multiple

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