NextEra Energy Partners (NEP) Acquires 50% Stake in 2,520-megawatt Portfolio of Renewables Projects and Enters New Convertible Equity Portfolio Financing

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NextEra Energy Partners, LP announces agreement to acquire a 50% interest in an approximately 2,520-megawatt portfolio of long-term contracted renewables projects and enters into new convertible equit

October 22, 2021 8:00 AM EDT

JUNO BEACH, Fla., Oct. 22, 2021 /PRNewswire/ -- NextEra 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).

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