NextEra Energy Partners expands solar profile

• NextEra Energy Partners adds to US renewables portfolio

4 November 2020: NextEra Energy Partners (NEP) has protected a deal to obtain a 40% risk in a 1GW utility-scale renewables profile and a 100% interest in a 100MW solar-plus-storage project.

The firm will purchase the interests in the US properties from a subsidiary of NextEra Energy Resources for about US$ 320 million. Adhering to the acquisition, which is anticipated to shut before year-end, NEP will certainly contribute its rate of interests in the projects right into a new portfolio along with four of its existing eco-friendly energy possessions.

Jim Robo, NEP CEO, said the procurement of the renewable energy properties, including the collaboration's first battery storage space project, will certainly "boost the diversity of the collaboration's existing profile".

Created by NextEra Energy, NEP is described as a "growth-oriented limited partnership" that obtains, handles as well as owns acquired clean power projects.

NextEra Energy Resources claimed it expects earnings from the sale to be redeployed right into brand-new solar, wind and battery storage space possibilities, including its more than 15GW renewables backlog.