NRG Feeds Its Yieldco Beast

Posted by NAW Staff on September 18, 2015 No Comments
Categories : New & Noteworthy

NRG Yield has entered into an agreement with NRG Energy to acquire 75% of the equity interests in a portfolio of wind projects for $210 million in total cash
consideration, subject to working capital adjustments, plus assumed project debt of approximately $145 million and tax equity of approximately $97 million.

According to NRG, the acquired assets – about 814 MW – mainly include those the company obtained from Edison Mission Energy in April 2014. They comprise the following:

  • 54 MW Elkhorn Ridge (Bloomfield, Neb.);
  • 90 MW San Juan Mesa (Elida, N.M.);
  • 161 MW Wildorado (Vega, Texas);
  • 21 MW Crosswinds (Ayrshire, Iowa);
  • 29 MW Forward (Berlin, Pa.);
  • 19 MW Spanish Fork (Spanish Fork, Utah);
  • 38 MW Lookout (Berlin, Pa.);
  • 15 MW Hardin (Jefferson, Iowa);
  • 20 MW Odin (Odin, Minn.);
  • 95 MW Sleeping Bear (Woodward, Okla.);
  • 150 MW Goat Wind (Sterling City, Texas); and
  • 122 MW Elbow Creek (Howard County, Texas).

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