December 11, 2024

Blackstone subsidiary cleared to acquire interests in NextEra renewable portfolio spanning West, Southeast

The acquisition is said to mark Blackstone subsidiary’s entry into new balancing authority regions.

Power Play: A subsidiary of a fund managed by private equity giant Blackstone won FERC approval on Sept. 11 to acquire all of the class B interests in 870-megawatts of wind and solar generating assets in Arizona, Colorado, Montana, and Georgia owned by NextEra,Energy Resources. Blackstone also acquired Clearwater Resources, owner and operator of a 97-mile 345 kV and a ...

Details:

Filing Date: September 11, 2024

Docket Numbers:

EC24-101

Short Summary:

A subsidiary of a fund managed by private equity giant Blackstone won FERC approval on Sept. 11 to acquire all of the class B interests in 870-megawatts of wind and solar generating assets in Arizona, Colorado, Montana, and Georgia owned by NextEra,Energy Resources.

Impact Level:

Categories:

Dealmaking & Transactions

Tags: Acquisitions & Dispositions

Entities: Blackstone Inc., NextEra Energy Inc.

Markets:

Regions: West

States:

Regulators: FERC

Courts:

Documents:

Authorization