Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • Egypt and Tokyo Sign MoU to Boost Green Hydrogen Collaboration
  • Libya Partners with H2-Global to Develop Green Hydrogen Export Initiative
  • Oman–South Korea Talks Signal Strategic Push on Green Hydrogen Collaboration
  • Svalbard Moves Toward Small Modular Reactor Deployment to Replace Coal Power
  • India Pushes Green Hydrogen Capacity Beyond 860,000 Tones as Global Export Ambitions Grow
  • Has China Just Outpaced the West in the Race to Net Zero?
  • HyTerra Expands Kansas Hydrogen-Helium Potential with McCoy 1 Well Results
  • Meranti Eyes Mid-2026 FID for Oman Green HBI Plant to Anchor Low-Carbon Steel Supply Chain
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Americas
Green Hydrogen H2 News

NextEra sells interest in renewables projects

Anela DoksoBy Anela Dokso03/11/20202 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

NextEra Energy has entered into agreements with sell a 90% interest in a 1,000 megawatt (MW) portfolio of long-term contracted renewables assets and a 100% interest in a 100MW solar-plus-storage project for approximately $1.3 billion in total proceeds.

The portfolio is being acquired by NextEra Energy Partners and a consortium of private infrastructure investors led by KKR in two separate transactions.

The sale proceeds are expected to be redeployed into new wind, solar and battery storage growth opportunities, including NextEra Energy Resources’ more than 15,000-MW renewables backlog.

Over the operating life of the assets, NextEra Energy Resources is expected to receive ongoing annual fee income of approximately $7 million in year one and escalating thereafter, from the investors for operations, maintenance and management services, and the transaction is expected to be immediately accretive to earnings.

“These transactions are expected to generate significant value for NextEra Energy shareholders. In addition to generating attractive ongoing fee income, the sale provides an opportunity to take advantage of the robust demand for high-quality, long-term contracted renewable energy assets and efficiently recycle approximately $1.3 billion in total capital that can be redeployed into new renewables growth opportunities. The transactions highlight the value of NextEra Energy Resources’ best-in-class development platform and position us well to continue to capitalize on what we believe to be the best renewables development environment in our history.”

Jim Robo, NextEra Energy chairman and CEO.

The investors are purchasing a 50% equity interest in the portfolio and NextEra Energy Partners is purchasing a 40% equity interest.

NextEra Energy Partners’ acquisition will also include 100% of the membership interests in Wilmot Solar Energy Center, a project company that owns a 100MW solar and 30MW storage generation facility located in Arizona.

NextEra Energy Resources will have a right of first offer on the investors’ 50% equity interest in the portfolio.

The transaction is expected to be completed in the fourth quarter of 2020, subject to customary closing conditions and the receipt of certain regulatory approvals.

Share. LinkedIn Twitter Facebook Email

Related Posts

hydrogen

Egypt and Tokyo Sign MoU to Boost Green Hydrogen Collaboration

21/08/2025
hydrogen

Libya Partners with H2-Global to Develop Green Hydrogen Export Initiative

21/08/2025
hydrogen

Oman–South Korea Talks Signal Strategic Push on Green Hydrogen Collaboration

21/08/2025
Svalbard Moves Toward Small Modular Reactor Deployment to Replace Coal Power

Svalbard Moves Toward Small Modular Reactor Deployment to Replace Coal Power

21/08/2025
India Pushes Green Hydrogen Capacity Beyond 860,000 Tones as Global Export Ambitions Grow

India Pushes Green Hydrogen Capacity Beyond 860,000 Tones as Global Export Ambitions Grow

21/08/2025
China

Has China Just Outpaced the West in the Race to Net Zero?

20/08/2025
hydrogen

Egypt and Tokyo Sign MoU to Boost Green Hydrogen Collaboration

21/08/2025
hydrogen

Libya Partners with H2-Global to Develop Green Hydrogen Export Initiative

21/08/2025
hydrogen

Oman–South Korea Talks Signal Strategic Push on Green Hydrogen Collaboration

21/08/2025
Svalbard Moves Toward Small Modular Reactor Deployment to Replace Coal Power

Svalbard Moves Toward Small Modular Reactor Deployment to Replace Coal Power

21/08/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.