NextEra Energy announced it plans to purchase a full or partial stake in several renewable energy projects for $805 million.

This would include a 49% interest in Emerald Breeze, a portfolio holding company that has about 1.5 GW of solar and wind generation resources.

Emerald Breeze owns the following projects:

NextEra would also acquire 100% of the indirect membership interests in an approximately 345 MW portfolio of operating wind projects.

These include:

At the time of the closing, all the projects other than Appaloosa Run Wind, Eight Point Wind and Yellow Pine Solar will be operational, the company says. Appaloosa Run Wind and Eight Point Wind expected to be in service in December 2022, and Yellow Pine Solar is scheduled to begin operations toward the end of 2023.

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