NextEra proposes yield company for renewable power facilities

05/2/2014 | Sun-Sentinel (Fort Lauderdale, Fla.)

NextEra Energy proposed an initial public offering in a yield company, or yieldco, for its renewable business, to raise funds from investors. The plan has been submitted to the Securities and Exchange Commission early last month. The company plans a yieldco that will include 2,000 megawatts of wind and solar energy facilities with long-term deals, said Chief Financial Officer Moray Dewhurst.

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Sun-Sentinel (Fort Lauderdale, Fla.)

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