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Announced

Ontario Teachers' Pension Plan Board to acquire a 50% stake in solar and energy storage assets from NextEra Energy for $849m.

Financials

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Transaction Value£637m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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solar and energy storage

Acquisition

Private Equity

Infrastructure

Minority

United States

Pending

Private

Friendly

Cross Border

Renewable Energy Equipment

Single Bidder

Synopsis

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Ontario Teachers' Pension Plan Board agreed to acquire a 50% stake in solar and energy storage assets from NextEra Energy, a provider of sustainable energy generation and distribution services, for $849m. "We are excited to make this significant investment and to grow our global portfolio of high-quality renewable energy assets. NextEra Energy is one of the world's leading renewable energy companies and they share our focus on shaping a better future through the development of sustainable energy. This investment marks the beginning of what we expect will be a long-term partnership with NextEra Energy," Chris Ireland, Ontario Managing Director.

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