Benzinga | Nov 30, 2021 04:44PM EST

NextEra Energy To Sell 50% Interest In 2,520 Megawatt Portfolio Of Renewable Assets

JUNO BEACH, Fla., Nov. 30, 2021 /PRNewswire/ -- NextEra Energy, Inc. (NYSE:NEE) today announced that a subsidiary of NextEra Energy Resources, LLC has entered into an agreement to sell a 50% non-controlling interest in an approximately 2,520 megawatt (MW) portfolio of long-term contracted renewables assets (the portfolio) to the Ontario Teachers' Pension Plan Board (Ontario Teachers' or the investor), one of the world's largest pension plans and a leading infrastructure investor, with approximately C$227.7 billion in net assets. The remaining 50% interest in the portfolio is under an agreement to be sold by NextEra Energy Resources to NextEra Energy Partners, LP (NYSE:NEP) pursuant to a purchase and sale agreement executed on Oct. 21, 2021 between a subsidiary of NEP and a subsidiary of NextEra Energy Resources.