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NextEra Energy Partners Acquires Wind Portfolio From Brookfield Renewable

Matthew DiLallo, The Motley Fool
·2 min read
NextEra Energy Partners Acquires Wind Portfolio From Brookfield Renewable
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NextEra Energy Partners (NYSE: NEP) has agreed to acquire a portfolio of U.S. onshore wind assets from Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) for $733 million. The transaction will enhance NextEra Energy's growth strategy while allowing Brookfield Renewable to recycle capital into higher-returning opportunities. NextEra Energy Partners is acquiring three wind-powered generating facilities in California and one in New Hampshire with 391 megawatts of capacity.