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JUNO BEACH, Fla., April 19, 2021 /PRNewswire/ NextEra Energy Partners, LP (NYSE: NEP) today announced that it has entered into a definitive agreement with Brookfield Renewable, a global owner and operator of renewable power assets, to acquire a 391-megawatt (MW) portfolio of four operating wind assets located in California and New Hampshire for a base purchase price of $733 million, subject to closing adjustments. This transaction demonstrates NextEra Energy Partners continued ability to execute its long-term growth plan, said Jim Robo, chairman and chief executive officer. This acquisition of approximately 400 megawatts of long-term contracted wind projects with high-credit-quality customers further enhances the diversity of the partnership s existing portfolio. This portfolio is an attractive acquisition for NextEra Energy Partners and is supported by our ability to leverage NextEra Energy Resources best-in-class operating platform to reduce cos
NextEra Energy Partners to buy wind assets from Brookfield Renewable
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NextEra swoops for 391MW US wind quartet
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Do You Have These Top Renewable Energy Stocks On Your Watchlist?
Some would say that 2020 was a banner year for renewable energy stocks. Even now, you could argue that they are among the most active stocks on the stock market. Take Sunrun (NASDAQ: RUN) and SunPower (NASDAQ: SPWR) for example. Both companiesâ shares are looking at massive gains of over 280% in the past year and continue to ride overall positive trends. Namely, the largest tailwind for the industry came as Joe Biden was elected as the new U.S. president. Given Bidenâs emphasis on dealing with climate change, I can understand the hype. Since November, the U.S. has rejoined the Paris Climate Agreement and continues to make massive investments towards the clean energy industry.