Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) today provided a summary unaudited statement of assets and liabilities and
Toronto-based
Brookfield Renewable Partners (TSX:BEP.U)(NYSE:BEP) is set to sell its wind power assets for a total of $1.4 billion in two isolated deals. The two concerned companies are Florida-based
NextEra Energy Partners LP and
Orsted – a Denmark-based multinational power company.
These two companies are shelling out US$733 million and US$677 million, respectively, in order to build up their renewable asset portfolios.
Here’s what I think about these deals.
Asset divestitures part of the plan?
NextEra is on its course to acquire Brookfield’s three wind farms in California and two wind farms in New Hampshire. The company expects to generate a combined 391 megawatts of renewable power as a result of this asset acquisition. On the other hand, Orsted is acquiring Brookfield’s onshore wind power ventures in the United Kingdom and Ireland. Accordingly, Orsted will be taking over nearly 390 megawatts of renewable power production in the process.
Author Bio
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
After going on a tear over the past six to nine months, there aren t a lot of renewable energy stocks that investors would consider a bargain. Expectations for growth have gone through the roof, price-to-earnings (and revenue) multiples have gone up, and even yields for renewable energy power plant owners have plummeted.
As we scour the market for opportunities, three of our Foolish renewable energy contributors found some bargains, and
Atlantica Sustainable Infrastructure (NASDAQ:AY), and