RTTNews | Apr 19, 2021 07:43AM EDT

07:42 Monday, April 19, 2021 (RTTNews.com) - NextEra Energy Partners, LP (NEP) has entered into a agreement with Brookfield Renewable to acquire a 391-megawatt portfolio of four operating wind assets located in California and New Hampshire for a base purchase price of $733 million. The acquired assets are projected to contribute adjusted EBITDA and CAFD of approximately $63 to $70 million, each on a five-year average run-rate basis, beginning Dec. 31, 2021.

NextEra Energy Partners plans to fund the deal with a combination of undrawn funds remaining from the 2020 convertible equity portfolio financing and existing debt capacity.

NextEra Energy Partners now expects a Dec. 31, 2021, run rate for adjusted EBITDA in the upper end of its previously announced range of $1.44 billion to $1.62 billion and CAFD in the upper end of its previously announced range of $600 million to $680 million.

Read the original article on RTTNews ( https://www.rttnews.com/3185942/nextera-energy-partners-to-acquire-portfolio-of-four-operating-wind-assets.aspx)

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