NRG Energy

NRG Energy Enters into Agreements to Sell Two Generating Plants for $138 Million

NRG Energy agreed to sell two of its generating stations: the 525-MW Seward power plant in New Florence, Pennsylvania and the 352-MW Shelby County power plant in Neoga, Illinois. The Seward facility, which is located in the PJM Interconnection, is being acquired by Seward Generation, a Robindale Energy Services company.

FuelCell Energy Completes Sale of University Micro-grid Project to NRG Yield

FuelCell Energy reported the closing of its definitive agreement to sell a 1.4-MW fuel cell power plant project at the University of Bridgeport to NRG Energy. Concurrent with the closing, a subsidiary of NRG, NRG Yield, acquired the project; the first-ever fuel cell project placed into any yieldco. The University of Bridgeport will buy the electricity and heat produced by the fuel cell power plant under a multi-year PPA.

NRG Renew to Deliver America’s Largest Solar Solution for Kaiser Permanente

NRG Renew, a wholly owned subsidiary of NRG Energy, entered into an agreement with Kaiser Permanente, to help Kaiser Permanente achieve its goal to reduce greenhouse gas emissions three years ahead of its promised date. Utilizing as much as 70 MW of on-site solar from NRG Renew, Kaiser Permanente will achieve the top ranking of on-site installed solar capacity among U.S. healthcare companies.

NRG Renew and SunShare Form Community Solar Alliance

NRG Renew, a wholly owned subsidiary of NRG Energy and SunShare, are partnering to finance and build 8.2 MW of community solar projects along the Front Range of Colorado. Once completed and online in mid-2015, this will be one of the largest operating community solar portfolios in the nation, comprised of five ground-mount sites, four in the Denver area and one in nearby Colorado Springs.

ALLETTE Acquires Wind Farm from NRG Energy

ALLETE Clean Energy (ALLETE) finalized the acquisition of Storm Lake 1, a wind generation facility in Storm Lake, Iowa, adding another 108 MW to its renewable energy portfolio. ALLETE paid $15 million to NRG Energy to acquire the facility, which is adjacent to Storm Lake 2, a 78-MW wind farm purchased by ALLETE earlier this year. Both Storm Lake installations use 750 kW Zond turbines and are adjacent to each other in northwest Iowa.

Digest (December 2014)

NRG Energy and MGM Resorts International completed installation of the world's largest rooftop solar array on a convention center;

Southern California Edison on November 5 announced the largest purchase of grid-connected energy storage in U.S. history. NRG Energy acquired Pure Energies Group; Duke Energy Progress filed with FERC for approval to purchase $1.2 billion in generating assets;

The U.S. Department of Energy authorized Bechtel to resume engineering work at a facility that will treat some of the nation's liquid radioactive waste; Burns & McDonnell plans to develop a grid stability awareness system;

Governor Andrew M. Cuomo announced the launch of New York's first energy management network operations center. And others...

Energy Politics are Combustible

Many in business back EPA, but the new Congress has yet to weigh in.

The comment period closes on EPA’s Clean Power Plan, but Congress is holding its cards close to the vest.

Transactions (December 2014)

NRG Energy acquired Pure Energies Group, a residential solar industry provider; Duke Energy Progress filed with FERC for approval to purchase the North Carolina Eastern Municipal Power Agency’s generating assets for $1.2 billion; Trina Solar Limited signed a share purchase agreement to sell a power plant to funds managed by Foresight Group LLP; AES entered into an agreement to sell its 49.62% equity interest in a joint venture in Turkey; Southern Power acquired the 150-MW Solar Gen 2 solar facility in California from First Solar; SolarCity is planning to launch what would be the first registered public offering of solar bonds in the US; and debt offerings from Dynegy and ComEd.

MGM Resorts International and NRG Energy Celebrate the Installation of the World's Largest Convention Center Solar Array

NRG Energy and MGM Resorts International completed installation of the world's largest rooftop solar array on a convention center. Covering approximately 20 acres atop the Mandalay Bay Resort and Casino, the 6.4-MW photovoltaic array will produce enough electricity to power the equivalent of approximately 1,000 U.S. homes annually and is the first of its kind on the Las Vegas Strip. NRG financed, constructed, owns and operates the installation for MGM Resorts at Mandalay Bay Resort and Casino.

NRG Energy Acquires Pure Energies Group

NRG Energy acquired Pure Energies Group, a residential solar industry leader in the critical area of web-based customer acquisition. Pure Energies completes the residential solar capabilities NRG has been working to assemble and complements NRG’s acquisition earlier this year of Roof Diagnostics Solar. Pure Energies and its proprietary customer acquisition process will help NRG Home Solar reduce customer acquisition costs while providing a simplified solar adoption process.