RTTNews | Nov 2, 2020 05:54PM EST

17:53 Monday, November 2, 2020 (RTTNews.com) - Investment firm KKR Monday announced the signing of agreements with NextEra Energy Resources, LLC, a subsidiary of NextEra Energy, Inc. (NEE), and NextEra Energy Partners, LP (NEP) to acquire equity interests in portfolios of contracted utility-scale wind and solar assets.

KKR will invest about $1.4 billion in total in two transactions for interests in 1,625 megawatts of renewable energy assets. This includes an around $300 million direct equity purchase from NextEra Energy Resources for a 50% interest in a 1,000 megawatt portfolio, and, separately, a $1.1 billion convertible equity portfolio financing agreement with NextEra Energy Partners for an interest in a 1,125 net MW portfolio.

KKR has also signed a Letter of Intent with NextEra Energy Partners to invest approximately $900 million in future renewable energy transactions to provide access to capital for future growth.

Read the original article on RTTNews ( https://www.rttnews.com/3142118/kkr-to-invest-1-4-bln-in-nextera-energy-portfolios.aspx)

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