CPPIB to acquire NextEra wind, solar projects for $741 mln
Canada Pension Plan Investment Board has agreed to acquire a portfolio of six Canadian operating wind and solar power projects from NextEra Energy Partners LP (NYSE: NEP), a U.S. renewable energy company. The purchase price is $741 million, inclusive of working capital and adjustments. The portfolio includes four wind and two solar projects with a total capacity of 396 megawatts located in Ontario. Under the terms of the agreement, NextEra, which developed the assets, will continue to operate them. The deal is expected to close in the second quarter.
2 April 2018•3 mins read
