Deal Note: Crowell & Moring Client NRG Yield, Inc. Acquires Wind Assets from NRG Energy, Inc.
Washington, D.C., November 24, 2015: Crowell & Moring, LLP represented NRG Yield, Inc. in the acquisition of a 75 percent interest in a portfolio of wind assets from NRG Energy for $210 million in cash plus assumed project debt of $145 million and tax equity of $97 million. The portfolio consists primarily of assets acquired by NRG Energy from Edison Mission in 2014. The assets represent 814MW of generating capacity in Iowa, Minnesota, Nebraska, New Mexico, Oklahoma, Pennsylvania, Texas and Utah.
PR & Internal Communications Sr. Specialist