NextEra Energy Resources Offloads DG Development Platform

NextEra Energy Resources, a subsidiary of NextEra Energy, has offloaded its distributed generation development platform to Madison Energy Infrastructure, a US-based clean energy company, for an undisclosed amount. 

The transaction comprises operational solar and energy storage assets, a ‘robust’ pipeline of development projects across 25 states, and team members.

With this, Madison says its total portfolio now expands to nearly 1 GW of operational clean energy infrastructure assets, including Fortune 500 businesses, K-12 schools, industrial and manufacturing facilities, electric cooperatives, and municipal utilities, among others.

Madison had announced the deal with NextEra Energy Resources in early September this year, which it has now closed.

The company is doubling down on distributed generation even as policy changes in the US under the One Big Beautiful Bill Act (OBBBA) phase out solar tax credits for utility and commercial-scale solar by the end of 2027. It sees distributed generation as a critical solution for commercial and industrial (C&I) businesses and communities across the economy. The NextEra deal will open up new markets for the EQT-backed company, it explained.

“Unprecedented load growth, the convergence of digital and energy infrastructure, and an aging power grid are driving the need for high-impact solutions now more than ever,” said Madison CEO Richard Walsh.

Recently, Madison raised an $800 million construction-to-term debt facility to expand its clean energy infrastructure across the country (see North America Solar PV News Snippets). 

As of July 23, 2025, NextEra Energy Resources had a renewables backlog of 29.5 GW. Despite policy headwinds at the federal level, the company said it sees continued strong demand in the market for renewables (see NextEra Energy Resources’ RE Backlog Expands To Around 30 GW).