in News Departments > FYI
print the content item

NRG Yield Operating, an indirect subsidiary of New Jersey-based NRG Yield Inc., intends to commence an offering of $400 million of senior notes due 2024. The notes will be senior unsecured obligations of Yield Operating and guaranteed by NRG Yield.

Yield Operating says it intends to use the proceeds of the offering to fund, in whole or in part, renewable energy projects. Specifically, it plans to use the proceeds to help fund the previously announced $870 million purchase of the Alta Wind Energy Center (AWEC) in California from Terra-Gen Power.

NRG Yield, a yieldco subsidiary of NRG Energy, also recently launched a public offering of 10.5 million shares of its Class A common stock to help fund the AWEC buy. However, Yield Operating says its note offering is not conditioned upon the completion of the Alta deal.



IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015