NextEra Energy Partners, a subsidiary of NextEra Energy, will sell all its remaining natural gas pipelines and focus exclusively on renewable energy by 2025.
The sale of the pipelines will finance the company’s renewable energy growth plans through 2024, allowing the company to expand without issuing new shares or assuming debt in a high-interest environment. The pipeline sales should position the company as one of the world’s largest renewable energy generators. It expects to grow its project portfolio to 58 GW by 2026.
