follow us:Google+ FacebookLinkedInTwitterRSS Feeds

advertisement

NRG Yield acquires largest wind farm in U.S. for $870M

By

Back to Top Comments Email Print

Latest News

    advertisement

    Princeton-based NRG Yield Inc. on Wednesday announced it has acquired the Atla Wind facility in California from Terra-Gen Power LLC for $870 million.

    The acquisition, which totals more than 947 megawatts of wind energy when operating, also includes multiple land leases associated with the Tehachapi, California-based facility.

    “Completing this acquisition of North America’s largest wind facility not only showcases our ability to compete for and close deals for premier assets, it also underscores our commitment to carbon-free generation that will help accelerate the movement to a clean energy future,” NRG Chairman and CEO David Crane said in a prepared statement. “We welcome Alta Wind to our portfolio of contracted assets that contribute to visible dividend growth for our investors while supporting our sustainability goals by providing clean electricity from wind generation for tens of thousands of American homes.”

    NRG is also assuming $1.6 million of non-recourse project financings.

    ALSO ON NJBIZ:

    As officials react to announcement that Revel will close, A.C. mayor is critical of decision

    The 10 unfriendliest cities in the country: New Jersey puts two on the list — including No. 1

    EDA votes to approve more than $27M in Grow NJ incentives

    Share This Story On:
    Emily Bader

    Emily Bader

    Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

    advertisement

    Comments


    Be the first to comment.



    Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

    Post Comment
         View Comment Policy

    Advanced search
    Sponsored by
    advertisement
      
      
    advertisement
      
      
    advertisement
    Back to Top