Author Bio
Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
The energy market is undergoing a techonomic shift. Global economies are in the process of switching from fossil fuels to cleaner alternatives like renewable energy. It s a massive undertaking that could cost more than $100 trillion over the next three decades.
Investors won t want to miss the energy transition megatrend. So, whether you ve got $5,000 or some other amount to invest, you ll want to consider putting some of that cash into a company focused on this trend.
Got $5,000? These 3 Energy Stocks Are Worth Buying and Holding for the Long Term fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
NextEra Energy Partners (NYSE: NEP) inks $733M acquisition deal with Brookfield Renewable (NYSE: BEP) bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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.
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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.