June 18 (Reuters) - Utility firm NextEra Energy

said it has agreed to sell $2 billion of equity units to Wells

Fargo Securities and BofA Securities to raise funds amid a push

for renewable projects.

Shares of the company, which owns renewables business

NextEra Energy Resources and regulated electric utility Florida

Power & Light, were down 3.4% in morning trade.

NextEra had said on Monday net proceeds from the the equity

units sale will be used to fund investments in its energy and

power projects.

The company said in an investor conference earlier this

month it plans to invest $12 billion in solar energy and $1.5

billion in battery storage from 2024 to 2027.

Each equity unit, issued in a stated amount of $50, will

consist of a contract to purchase NextEra Energy common stock in

three years in cash, the company said in a statement.

It will also consist of a 5% undivided beneficial ownership

interest in a NextEra Energy Capital Holdings ( NEE/PN ) debenture due June

1, 2029, to be issued in the principal amount of $1,000, the

company added.