NextEra Energy ( NEE ) shares dropped over 3% in intraday trading Tuesday after the renewable energy provider announced plans to sell $2 billion of equity units to fund investments in new projects and potentially to reduce debt.

The company said the units will be $50 each, and will “consist of a contract to purchase NextEra Energy common stock in the future and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings Inc. debenture due June 1, 2029, to be issued in the principal amount of $1,000.”

NextEra added that the debentures will be guaranteed by NextEra Energy, as the parent of NextEra Energy Capital Holdings.

The holders of the units will be required to buy the stock no later than June 1, 2027. They may pay for it by using money from remarketing the debentures included.

How NextEra Plans To Use Raised Capital

NextEra said it expects that after deducting the underwriting discount and other offering expenses, the sale will raise $1.94 billion. It plans to use the capital to fund investments in energy and power projects, as well as for general corporate purposes, which could include repayment of a portion of its debt .

NextEra Energy shares were down 3.3% at $69.94 as of 2:30 p.m. ET Tuesday, though despite Tuesday’s losses, they’ve gained over 15% since the start of the year.