NRG Energy (NRG) To Acquire Texas Wind Farm

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10:29:51 am on March 5, 2010

NRG Energy just announced that it has signed a letter of intent to purchase the South Trent wind farm, a 101 MW wind farm located near Sweetwater, Texas.  Once the  Public Utility Commission of Texas approves the purchase, the wind farm will become the fourth onshore plant that NRG owns.  All of the power produced will be purchased by AEP Energy Partners under a 20-year power purchase agreement.

In a press release, David Crane, NRG President and Chief Executive Officer, commented on the news:

“South Trent is a proven performer and, as a renewable asset with a long term sales agreement with a highly credible offtaker, is indicative of the type of renewable project in which we are looking to invest in our core markets. We will continue to look both to develop and acquire contracted land-based and offshore wind projects as well as solar and other sustainable technology-based assets where it makes sense as we expand our clean energy portfolio.”

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