Bluewater Wind Purchased By NRG Energy (NRG)

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11:46:45 am on November 12, 2009

NRG Energy just announced that it has acquired Bluewater Wind, which has several offshore wind projects in its pipeline along with a 25-year, 200MW power purchase agreement with Delmarva Power and Light in Delaware. According to NRG, Bluewater’s employees will keep their jobs and continue to work from their current location in Hoboken, New Jersey.

in a press release, NRG’s president and CEO, David Crane, commented on the purchase:

“As public policy trends toward ever-increasing renewable portfolio standards at the state and federal levels, each region of the country will seek to comply with projects that tap the best renewable resource from within that region. There is no doubt that offshore wind is the highest potential renewable resource proximate to the population centers along the eastern seaboard of the US.”

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