Tuesday, September 18, 2018

NRG Solar Photovoltiac Facility Sold!

The solar photovoltiac facility that supplies Georgetown has been sold again! NRG Yield has sold the facility to a "newly created company" called Clearway.

"San Francisco, CA—Friday, August 31, 2018— Clearway Energy Group (“Clearway”) began operations today as an independent enterprise. The Company was formed with the completion of the sale of NRG Energy, Inc.’s (“NRG”) renewables platform and NRG’s controlling interest in NRG Yield, Inc. to Global Infrastructure Partners (“GIP”), a leading global, independent infrastructure investor. The transaction was initially announced in February 2018." Clearway

I had been previously announced in July 2018 that NRG had transferred the Buckthorn solar facility to NRG Yield.

NRG and NRG Yield entered into Purchase and Sale Agreements for NRG Yield to purchase NRG’s interest in the following ROFO pipeline assets: 527 MW Carlsbad Energy Center and 154 MW Buckthorn Solar for additional cash proceeds of $407 million, subject to certain adjustments.

Again, no acknowledgement from the city of Georgetown about this ownership change and if there is any effect on the contract for electricity.

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