NextEra Energy Partners (NEP) Reports Q3 EPS of $0.24
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NextEra Energy Partners (NEP) Acquires 50% Stake in 2,520-megawatt Portfolio of Renewables Projects and Enters New Convertible Equity Portfolio Financing
October 22, 2021 8:01 AM EDTNextEra Energy Partners, LP (NYSE: NEP) today announced that it has entered into an agreement with a subsidiary of NextEra Energy Resources, LLC to acquire a 50% interest in an approximately 2,520-megawatt (MW) renewables portfolio. In conjunction with the acquisition, NextEra Energy Partners has also entered into an approximately $824 million convertible equity portfolio financing with Apollo Global Management (Apollo).
"The transactions announced today support NextEra Energy Partners' continued ability to execute on its long-term growth plan and access attractive low-cost sources of capital," said Jim Robo, chairman and chief executive officer. "The acquisition of the... More
