Brian Chisling~~Keegan Lopez~~Louis Argentieri~~Joshua Brachfeld~~Quinn Cronan~~Jonathan Goldstein
January 24, 2026
NextEra Energy Resources Forms Joint Venture with Blackstone on Renewables Energy Projects

1 min
AI-made summary
- Simpson Thacher represented subsidiaries of NextEra Energy Resources in forming Nitro Renewables Holdings, LLC, a joint venture with Blackstone Inc
- affiliates to co-own and develop a portfolio of hybrid renewable energy projects
- NextEra Energy Resources contributed the project portfolio and received approximately $900 million in consideration for the joint venture's formation
- The Simpson Thacher team included lawyers specializing in M&A and tax matters.
Simpson Thacher represented subsidiaries of NextEra Energy Resources in the formation of Nitro Renewables Holdings, LLC, a joint venture with funds managed or advised by affiliates of Blackstone Inc. to co-own and develop a portfolio of hybrid renewable energy projects. NextEra Energy resources contributed the portfolio, and received consideration of approximately $900 million in connection with the formation of the joint venture.~~The Simpson Thacher team included Brian Chisling, Keegan Lopez, Lou Argentieri, Josh Brachfeld, Quinn Cronan, and Matteo Garofalo (M&A) and Jonathan Goldstein, Lina Pan and Eva Gao (Tax).
Article Author
Brian Chisling~~Keegan Lopez~~Louis Argentieri~~Joshua Brachfeld~~Quinn Cronan~~Jonathan Goldstein
The Sponsor
