NRG Energy to purchase South Trent wind farm in Texas

(05/03/2010)

NRG Energy, Inc. has signed a binding letter of intent to purchase the South Trent wind farm near Sweetwater, Texas. Upon successful conclusion of the acquisition, South Trent will become the fourth plant in NRG’s onshore wind portfolio.

The 101 megawatt (MW) wind farm, which came online in January 2009, consists of 44 Siemens 2.3 MW wind turbines capable, at maximum capacity, of powering more than 80,000 homes. AEP Energy Partners, Inc. has a 20-year power purchase agreement for all of the generation from the site.

The proposed acquisition must be approved by the Public Utility Commission of Texas (PUCT). As a result of the PUCT approval requirement and pending satisfaction of certain other conditions precedent, the acquisition is expected to close in the second quarter of this year.

“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,” said David Crane, NRG President and Chief Executive Officer. “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.”

NRG owns and operates the 120 MW Elbow Creek wind farm near Big Spring, Texas and the 150 MW Langford wind farm near San Angelo, Texas. NRG is also a 50% owner of the 150 MW Sherbino wind farm near Fort Stockton, Texas operated by BP Alternative Energy, North America.

Related categories:  Wind power