Formed by NextEra Energy to own, operate, and acquire contracted clean energy projects, NextEra Energy Partners holds a 17.4% limited partner interest in NEE Operating LP, which own interests in ten wind and solar projects. NextEra Energy Partners' objective is to pay stable and growing cash distributions to the holders of its common units, targeting a three-year annual growth rate in cash available for distribution of 12% to 15% per common unit. The company believes its cash flow profile, geographic and technological diversity, and relationship with NextEra Energy wprovide it with a significant competitive advantage and enables it to execute its growth strategy. The company went public in July 2014.