NextEra Energy Partners completes $1.63 billion sale to CPPIB

29 June 2018

On June 29, 2018, Canada Pension Plan Investment Board ("CPPIB") completed the acquisition of an Ontario portfolio of four wind generation facilities and two solar generation facilities of NextEra Energy Partners, LP (NYSE: NEP). The portfolio has a generating capacity totaling approximately 396 megawatts. 

The total consideration consisted of approximately $740 million, subject to post-closing working capital adjustments, plus the assumption by the purchaser of approximately $889 million of existing debt.

Gowling WLG advised NextEra on tax aspects of this sale with a team that included Ash Gupta, Carl Hinzmann, Steven Baum, Michael Bussmann and Mariam Al-Shikarchy.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.