NextEra Energy Partners to buy wind assets from Brookfield Renewable (updated)

Brookfield Renewable

19/04/2021 12:58

(Updates with background)
    April 19 (Reuters) - NextEra Energy Partners  NEP.N  said on
Monday it would acquire a 391-megawatt (MW) portfolio of four
operating wind assets from Brookfield Renewable  BEPC.N  for
$733 million, as renewable power takes up a record share of
global electricity production.
    NextEra Energy Partners, a company set up by U.S. electric
utility NextEra Energy Inc  NEE.N , buys and operates clean
energy projects.
    NextEra Energy, the world's largest generator of renewable
energy via wind and sun, briefly overtook Exxon Mobil Corp
 XOM.N  as the largest U.S.-listed energy company by market
capitalization last year when the COVID-19 pandemic slashed fuel
demand.
    That, combined with the Biden administration's plans to get
all of the nation's electricity from clean energy sources by
2035, has turned the spotlight on utilities like NextEra Energy,
as well as other renewable energy companies.
    The wind assets, located in California and New Hampshire,
are in strong markets with long-term renewables demand and helps
NextEra Energy Partners increase its limited partnership
distributions per unit by 12% to 15% through 2024, the company
said.
    

 (Reporting by Arundhati Sarkar in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((Arundhati.Sarkar@thomsonreuters.com;
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