NextEra Energy Partners has agreed to purchase around 691MW renewable power assets from NextEra Energy Resources for a total consideration of around $812m.

The geographically diverse asset acquisition consists of a portfolio of four long-term contracted renewable energy assets.

NextEra Energy Partners chairman and CEO Jim Robo said: “Today, we are announcing an agreement to acquire approximately 691MW of wind and solar assets from NextEra Energy Resources that will further enhance the quality and diversity of our already best-in-class portfolio and, upon closing, will complete our growth objectives for 2017.”

As part of the agreement, NextEra Energy Partners will acquire a 25.9% interest in solar plants Desert Sunlight 250 and Desert Sunlight 300, which are situated in Riverside County, California, US. They have a combined capacity of 550MW.

“As part of the agreement, NextEra Energy Partners will acquire a 25.9% interest in solar plants Desert Sunlight 250 and Desert Sunlight 300.”

The deal also includes the Brady Wind I and Brady Wind II plants in Stark and Hettinger counties of North Dakota, which can generate a combined 298.7MW.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

A further 249.7MW wind energy facility in Webb County, Texas, is also part of the asset acquisition portfolio.

This latest deal is subject to working capital and other adjustments, as well as being subject to the assumption of around $459m in liabilities related to tax equity financings and $268m of existing non-recourse project debt associated with the Desert Sunlight project.

The acquisition is due to be closed by the end of this year.