NRG unit buys Energy Systems Co.
ESC is NRG Yield’s first acquisition outside its relationship with parent company NRG Energy
“Our successful completion of this acquisition is the first example of NRG Yield fulfilling the promise of growth by executing quickly on a third-party transaction that adds value to our portfolio,” said David Crane, NRG Yield’s chairman and CEO.
ESC is NRG Yield’s first acquisition outside its relationship with parent company NRG Energy, and the ninth thermal power generation project in its portfolio.
NRG Yield owns a portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the U.S., including fossil fuel, solar and wind power generation facilities that provide the capacity to support more than one million American homes and businesses.