NRG Closes on 1,500 MW of wind and solar assets

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NRG Closes on 1,500 MW of wind and solar assets

NRG has closed on the acquisition of all projects within NRG’s 1,500 MW SunEdison transaction. 

The portfolio consists of more than 1,500 MW-AC of utility-scale solar photovoltaic and wind projects that are either completed or in varying stages of development across the United States. 

Under a separate agreement with SunEdison, NRG also previously reached closing of the acquisition of 29 MW-AC of distributed generation and community solar projects that are under development across 26 sites in several states.  

Together, the acquisitions leverage the capabilities of NRG's cross-functional platform, which is positioned to implement the range of projects – from utility-scale solar and wind to commercial and community solar – with many in markets the NRG family already serves, including California, Texas and Massachusetts

The company team will bring these projects through implementation into operation and, importantly, to achieve capital replenishment through our strategic partnership with NRG Yield.

This transaction will also enable NRG, to enter new markets for utility-scale solar projects, including Hawaii and Utah. Nearly 265 net MW-AC of the portfolio is now online and operational, increasing the NRG and NRG Yield, Inc. operating renewables portfolio to nearly 4.7 GW across 26 states.

With the completion of the acquisition of the operating projects in this portfolio, more than 10% of their consolidated power generation capacity is attributable to renewable energy sources. 

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