NRG Energy Inc., through its wholly owned subsidiary, NRG Solar, has entered into a definitive agreement with US Solar, an affiliate of Arclight Capital Partners LLC.
Under the agreement, NRG Solar will acquire a portfolio of solar development projects on nine sites in California and Arizona. The purchase price is subject to a confidentiality agreement between the parties.
The projects acquired range in size from 20 MW to 99 MW, with the potential to be operational between 2011 and 2013. The acquisition nearly doubles NRG Solar's projects capacity under development to 1,150 MW, according to the company.
SOURCE: NRG Solar