KKR to invest $1.4 billion in NextEra Energy’s portfolios

KKR & Co. Inc. has signed agreements with NextEra Energy Resources LLC to acquire equity interests in portfolios of contracted utility-scale wind and solar power assets. KKR & Co. Inc. will invest a total of about $1.4 billion in two transactions for equity interests in 1,625 MW of renewable energy assets. This includes a direct equity purchase of about $300 million from NextEra Energy Resources for a 50 per cent interest in a 1,000 MW portfolio, and a $1.1 billion convertible equity portfolio financing agreement with NextEra Energy Partners for an interest in a 1,125 MW project portfolio.