Accessibility Links

NRG Yield wins $870m deal for American wind farm

14 Aug 2014
NRG Yield has completed its acquisition of the Alta Wind facility in Tehachapi, California,  the largest wind farm in North America, from Terra-Gen Power.

The $870 million deal will total 947 megawatts of operating wind capacity and also includes a portfolio of land leases associated with the Alta Wind facility.

The deal demonstrates NRG Yield’s commitment to the overall goal to achieve a clean energy future, as the wind generation will produce clean electricity to tens of thousands of American homes.

As a result of the acquisition, NRG Yield is raising its full-year 2014 Adjusted EBITDA to $455 million from $410 million.