Announced
Financials
Tags
Domestic
Private
Acquisition
Private Equity
United States
Single Bidder
Majority
Alternative Fuels
Pending
renewable fuels company
Friendly
Synopsis
NextEra Energy, an energy company, agreed to acquire the operating landfill gas-to-electric facilities portfolio of Energy Power Partners, a private market fund manager, for $1.1bn. "This acquisition supports our renewable fuels strategy and our broader vision to lead the decarbonization of the US economy. We are as confident as ever about our long-term growth prospects, and we will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted earnings per share expectations ranges for 2022 through 2025, while at the same time maintaining our strong balance sheet and credit ratings," John Ketchum, NextEra Chairman, President and CEO.
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