The US power producer NRG Energy has signed three agreements to sell power generation assets for a total amount of US$2.8bn under the framework of its transformation plan.
The first transaction has been inked with Global Infrastructure Partners (GIP) for a total sum of US$1.375bn: GIP will be buying NRG Energy's 46% interested in NRG Yield and NRG’s Renewables Platform. The transaction includes 0.5 GW of renewable projects in operation plus a project pipeline of 6.4 GW.
The second deal concerned the sale of the 527 MW Carlsbad Energy Center and 154 MW Buckthorn Solar project to NRG Yield for US$407m, while the third one included the sale of NRG's South Central business to Cleco for US$1bn (3.55 GW of power generation facilities, of which the 1,461 MW Big Cajun-II and the 1,263 MW Cottonwood power plants).
NRG Energy plans to reduce its indebtedness and announced plans to divest 6 GW of assets worth US$4bn in July 2017. The company is present throughout the United States and operated 150 power generation assets with a cumulated capacity of around 49 GW at the end of 2016, of which 13 GW of coal-fired plants, 5.7 GW of oil-fired power stations, 1.1 GW of nuclear, 4.8 GW of renewable assets and 25 GW of gas-fired units.