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NextEra Energy Partners (NYSE: NEP) inks $733M acquisition deal with Brookfield Renewable (NYSE: BEP)

NextEra Energy Partners (NYSE: NEP) inks $733M acquisition deal with Brookfield Renewable (NYSE: BEP)
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NextEra Energy Partners (NEP) to Buy 4 Operating Wind Assets

NextEra Energy Partners (NEP) to Buy 4 Operating Wind Assets Zacks.com 5 hrs ago NextEra Energy Partners NEP has entered into a definite agreement with Brookfield Renewable BEP to acquire four operating wind assets from the latter for $733 million. The four wind assets are located in California and New Hampshire, and have a combined capacity of 391 megawatt (MW). These wind assets are contracted with investment-grade counterparties. The remaining contract life is nearly 13 years at the time of closing. Popular Searches These acquired assets will boost NextEra Energy Partners’ performance as these are expected to contribute adjusted EBITDA and CAFD of $63-$70 million, each on a five-year average run-rate basis, beginning Dec 31, 2021. Subject to necessary approval, the acquisition is expected to close in third-quarter 2021.

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