NextEra Energy Partners expects to grow its 5%+ yielding dividend by as much as 15% annually through 2026. Recent repurchases have seen it issue 55% and 64% fewer units than if it sold equity to fund the initial transaction. This funding source helps limit dilution to existing investors by enabling NextEra Energy Partners to raise equity capital to fund acquisitions it can buy back later. In addition, the company has a long history of obtaining convertible portfolio equity financing from institutional investors. It also has interest rate swaps valued at $6 billion it could monetize to finance new portfolio additions.
The company has $2.8 billion in available liquidity. NextEra Energy has many ways to finance its continued growth. The company can also pursue third-party renewable energy acquisitions as attractive opportunities arise.
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