Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe

KKR partners with NextEra, expanding its wind & solar portfolio

By Michelle Froese | March 6, 2019

Global investment firm, KKR, is expanding its renewable portfolio through a new wind and solar partnership with NextEra Energy Partners LP (NEP).

KKR has a track-record of investing in renewable energy, with significant capital deployed in renewable assets

KKR has a track-record of investing in renewable energy, with significant capital deployed in renewable assets

KKR signed a definitive agreement with NEP to acquire an equity interest in a newly formed partnership with NEP, which owns a geographically diverse portfolio of 10 utility-scale wind and solar projects across the U.S. — collectively consisting of about 1,192 MW.

“We’re excited to partner with NextEra, a world-class renewable energy developer and operator, on this portfolio of high-quality contracted wind and solar assets,” said Brandon Freiman, member of KKR and head of the firm’s infrastructure business in the Americas.

KKR’s investment will be in the form of an equity interest in a newly formed structured partnership with NEP in which NEP has certain rights to acquire KKR’s interest over time at pre-determined return levels between 3.5 and 7 years after the formation of the partnership.

KKR’s share of the partnership’s cash flows increases to 99% in the event that such call options are not exercised within certain milestones. KKR’s $900 million investment will be funded via a mix of new term loan financing and equity from its third Global Infrastructure Investors fund, which closed in September 2018 with $7.4 billion in commitments.

Globally, KKR has significant capital deployed in renewable assets, including more than 4 GW of installed capacity. Within its overall infrastructure strategy, KKR has $12.6 billion in assets under management.


Filed Under: News, Projects
Tagged With: nexteraenergypartners
 

About The Author

Michelle Froese

Related Articles Read More >

US government allows Empire Wind offshore project to resume construction
Richardson Electronics to deliver pitch energy modules to TransAlta wind fleets
Equinor halts work on Empire Wind offshore project after federal government order
ARESCA wants input on offshore wind standards

Podcasts

Wind Spotlight: Looking back at a year of Thrive with ZF Wind Power
See More >

Windpower Engineering & Development Digital Edition

Digital Edition

Browse the most current issue of Windpower Engineering & Development and back issues in an easy to use high quality format. Clip, share and download with the leading wind power engineering magazine today.

Windpower Engineering & Development
  • Wind Articles
  • Solar Power World
  • Subscribe to Windpower Engineering
  • About Us/Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising

Search Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe