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Last Trade
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Last Trade:
$62.01
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Change:
-0.46 (-0.74%)
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Trade Time:
Jun 05
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Market Cap:
$5.51B
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Description of Business
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NEP is a growth-oriented limited partnership formed to acquire, manage and own
contracted clean energy projects with stable long-term cash flows. At
December 31, 2022, NEP owned a controlling, non-economic general partner
interest and a 46.2% limited partner interest in NEP OpCo. Through NEP OpCo, NEP
owns a portfolio of contracted renewable generation assets consisting of wind,
solar and solar-plus-storage projects, as well as contracted natural gas
pipeline assets.
NEP expects to take advantage of trends in the North American energy industry,
including the addition of clean energy projects as aging or uneconomic
generation facilities are phased out, increased demand from utilities for
renewable energy to meet state RPS requirements and improving competitiveness of
energy generated from wind and solar projects relative to energy generated using
other fuels.
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