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March 5, 2019

KKR to invest $900m in NextEra Energy Partners

Global investment company Kohlberg Kravis Roberts (KKR) has expanded its renewable energy portfolio by signing a definitive agreement with NextEra Energy Partners (NEP).

Global investment company Kohlberg Kravis Roberts (KKR) has expanded its renewable energy portfolio by signing a definitive agreement with NextEra Energy Partners (NEP).

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KKR has agreed to acquire an equity interest in NEP, who own ten utility-scale wind and solar projects in the US.

The company will make an investment of $900m that will be funded by new term loan financing and equity from its third Global Infrastructure Investors fund.

“This diverse portfolio of ten fully-operational renewable energy projects, all of which benefit from long-term contracts with investment grade customers, is an excellent addition to our portfolio.”

Under the terms of the new agreement, NEP will have rights to acquire KKR’s interest over time at pre-determined return levels between three and seven years after the formation of the partnership.

KKR Member and America’s infrastructure business head Brandon Freiman said: “We’re excited to partner with NextEra, a world-class renewable energy developer and operator, on this portfolio of high quality contracted wind and solar assets.

“This diverse portfolio of ten fully-operational renewable energy projects, all of which benefit from long-term contracts with investment grade customers, is an excellent addition to our portfolio.”

KKR renewable energy portfolio currently stands at over 4GW of installed energy capacity.

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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