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Announced

Completed

NextEra Energy completed the acquisition of a portfolio of four operating wind assets located in California and New Hampshire from Brookfield Renewable for $733m.

Financials

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Transaction Value£529m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

United States

Infrastructure

Private Equity

Private

Friendly

Acquisition

Single Bidder

wind energy

Majority

Renewable Energy Equipment

Completed

Synopsis

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NextEra Energy, a Florida-based renewable energy company, completed the acquisition of a portfolio of four operating wind assets located in California and New Hampshire from Brookfield Renewable, a global owner and operator of renewable power assets, for $733m. "This transaction demonstrates NextEra Energy Partners' continued ability to execute its long-term growth plan. 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," Jim Robo, Chairman and CEO.

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