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DEAL NOTE: Crowell & Moring Client NRG Yield, Inc. Enters into Agreements to Acquire Gas-Fired and Solar-Generating Facilities from NRG Energy, Inc.

Washington – February 7, 2018: Crowell & Moring LLP represented NRG Yield, Inc. in negotiating agreements to acquire the Carlsbad Energy Center, a 519 megawatt gas-fired generating facility under construction in California, for $365 million in cash plus assumed debt of $601 million, and the Buckthorn Solar Generating Facility, a 154 megawatt facility under construction in Texas, for $42.3 million in cash plus assumed debt of $131 million.

The Buckthorn transaction is expected to close in the first quarter of 2018 and the Carlsbad transaction is expected to close in the fourth quarter of 2018. The Crowell & Moring team included partner Patrick W. Lynch, counsel Nicholas James, partner Scott J. Moore, partner David Chung, partner Jennifer A. Ray, senior counsel Deborah A. Carpentier, counsel Diana A. Jeschke, associate Tyler A. O’Connor, associate Kevin M. Silk, and associate Mark Thomson.


Christine Elfmann
Senior Communications Manager