Joanne Dumelansmith's questions to NEP leadership • Q2 2024
Question
Asked about the company's strategy for asset recycling, including the recent Blackstone deal and potential sales of gas or transmission assets, and whether the recent 3 GW origination quarter represents a new, sustainable run rate.
Answer
The company is focused on recycling capital from non-core assets, such as its gas infrastructure business, and is open to partnerships on transmission projects, stating they are confident in meeting their capital recycling targets. Regarding origination, they noted that while the long-term demand outlook is exceptionally strong, quarterly results can be lumpy and the 3 GW quarter should not be seen as a new standard run rate.