secwatch.observer — SEC 8-K summary
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Issuer:     XPLR Infrastructure, LP (XIFR)
CIK:        0001603145
Form:       8-K
Filed at:   2022-11-23T23:59:59+00:00
Accession:  0001603145-22-000042
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NEP to acquire $805M wind/solar portfolio from NEER; OTPP invests $805M for Class B interests
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- Purchase agreement to acquire 49% controlling interest in Emerald Breeze (1.5 GW portfolio) and 100% of three operating wind projects (347 MW total) for ~$805M.
- NEP will assume ~$1.5B in existing noncontrolling interests; acquisition expected to close by year-end 2022.
- OTPP to invest $805M for 78% of Class B membership interests in NEP Renewables IV; NEP retains 22% and consolidates.
- Initial funding of ~$645M in Q4 2022, final ~$160M by Q3 2023; NEP has buyout right with ~7% return to OTPP.
- Projects include 1,029 MW Great Prairie Wind, 172 MW Appaloosa Run Wind, 111 MW Eight Point Wind, and 125 MW solar+storage Yellow Pine.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603145/000160314522000042/0001603145-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603145/000160314522000042/nep-20221117.htm
  HTML page:      https://secwatch.observer/filing/0001603145-22-000042

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