NextEra Energy Resources has announced that one of its subsidiaries has entered into an agreement to sell its ownership interest in its Marcus Hook generating assets to an investment affiliate of Starwood Energy Group Global, an energy infrastructure investment firm that specializes in value-add power generation, transmission, and storage energy projects.

The total consideration to be paid is $760 million, including estimated working capital at closing. Upon closing, NextEra Energy Resources expects the sale to result in net proceeds of approximately $255 million after repayment of the existing project-related financing.

The transaction includes the 790-megawatt, combined-cycle Marcus Hook Energy Center and the 50-MW simple-cycle Marcus Hook 50 Energy Center. Both of these facilities are natural gas-fired power plants.

“This transaction is part of our ongoing strategy to further optimize our power generation assets, while recycling capital into our growing long-term contracted asset portfolio,” said Armando Pimentel, president and CEO of NextEra Energy Resources.

“We are pleased to have entered into this transaction,” said Himanshu Saxena, senior managing director and co-head of the Greenwich, Conn.-based Starwood Energy Group. “This is a quality asset with a strong operating history in a very attractive location.”