Four Battery Storage JVs — XPLR 49% Co-Investment with NextEra Energy Resources
XPLR Infrastructure (formerly NextEra Energy Partners) exercises co-investment options from Feb 10, 2026 Interconnection Sales and Co-Investment Agreement with NEER. XPLR acquires 49% equity interest in each of four JVs that will develop, construct, and operate separate battery storage projects. Total XPLR commitment ~$315M, partially funded by $174M limited-recourse senior secured variable rate term loan drawn March 27, 2026.
$315M
Deal Value
200MW
Capacity
BESS
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- NextEra Energy Resources Development, LLC
- Buyer / Financier
- XPLR Infrastructure LP (49% equity)
- Deal Value
- ~$315M
- Stage
- Development
Capital Structure
$315M
Total transaction value
Tranches
- Equity co-investment (49% interest in each of four battery storage JVs) · XPLR Infrastructure Operating Partners, LP
- $315M
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