NextEra Energy, a renewable energy company, agreed to acquire 345-MW portfolio of operating wind assets and a 49% stake in a 1.5-gigawatt renewables portfolio for $805m. "The acquisition of the high-quality, long-term contracted renewable energy assets further enhances the diversity of the partnership's existing portfolio. Combining this acquisition with the recapitalization of six existing NextEra Energy Partners' assets through the convertible equity portfolio financing with a global infrastructure investor is expected to provide significant benefits for unitholders, including a low cash coupon and the ability to retain upside from the share price appreciation for up to 10 years. This significant access to low-cost capital leaves NextEra Energy Partners uniquely positioned to take advantage of the transformation underway in the energy industry and meet its long-term growth objectives," John Ketchum, NextEra Energy Chairman and CEO.