NextEra Energy Partners (NEP) Tops Q1 EPS by $2.38, Revenues MIss
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NextEra Energy Partners (NEP) to acquire approximately 400-megawatt portfolio of long-term contracted wind assets for $733 million
April 19, 2021 7:32 AM EDTNextEra Energy Partners, LP (NYSE: NEP) today announced that it has entered into a definitive agreement with Brookfield Renewable, a global owner and operator of renewable power assets, to acquire a 391-megawatt (MW) portfolio of four operating wind assets located in California and New Hampshire for a base purchase price of $733 million, subject to closing adjustments.
"This transaction demonstrates NextEra Energy Partners' continued ability to execute its long-term growth plan," said Jim Robo, chairman and chief executive officer. "This acquisition of approximately 400 megawatts of long-term contracted wind projects with high-credit-quality customers further enhances the... More
