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CM - KKR putting $900MM into partnership with NextEra - March 2019
KKR agreed to invest $900 million in a partnership with NextEra Energy Partners LP that will buy and run a portfolio of 10 utility-scale wind and solar projects across the US to generate a combined total of about 1,192 MW. Under terms of the agreement, NextEra would have certain rights to acquire KKR’s interest over time at pre-determined return levels between three-and-a-half and seven years after the start of the partnership. KKR’s share of partnership cash flows would rise to......
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