NextEra Energy Partners LP (NYSE:NEP) said on Friday it has agreed to buy a 50% stake in a renewable energy portfolio totalling 2,520 MW and also entered into a convertible equity portfolio financing for USD 824 million (EUR 709m).
The growth-oriented limited partnership formed by NextEra Energy Inc (NYSE:NEE) is buying the portfolio interest from a subsidiary of NextEra Energy Resources LLC for a total consideration of USD 849 million plus NEP's share of the portfolio's total tax equity financings, estimated at USD 866 million at the time of closing.
