American global investment company, KKR & Co. Inc. has announced the signing of agreements with NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc. and NextEra Energy Partners LP to acquire equity interests in portfolios of contracted utility-scale wind and solar power assets.

According to the announcement, KKR will invest a total of about $1.4 billion in two transactions for equity interests in 1,625 megawatts (MW) of renewable energy assets. The total investment amount includes around $300 million direct equity purchase from NextEra Energy Resources for a 50 per cent interest in a 1,000 MW portfolio and a $1.1 billion convertible equity portfolio financing agreement with NextEra Energy Partners for an interest in a total of 1,125 MW project portfolio. KKR has also signed a letter of intent with NextEra Energy Partners to invest approximately $900 million in renewable energy transactions to provide access to capital for future expansion.

REGlobal had reported in August 2020 that China Three Gorges Europe, a subsidiary of China Three Gorges had signed a deal to acquire 500 MW of operational solar assets from X-Elio, a Spain-based renewable energy project developer. X-Elio is a 50/50 joint venture between KKR and Canada-based asset management group Brookfield Asset Management.