NextEra Energy Partners has entered into an agreement with a subsidiary of NextEra Energy Resources to acquire a 50% interest in an approximately 2,520 MW renewables portfolio. NextEra Energy Partners plans to acquire interests in the assets for a consideration of about $849 million, subject to working capital and other adjustments, plus NextEra Energy Partners’ share of the portfolio’s total tax equity financings, which is estimated to be approximately $866 million at the time of closing. NextEra Energy Partners has also entered into an $824 million convertible equity portfolio financing with Apollo Global Management. NextEra expects to close the acquisition in later 2021 or early 2022.