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NRG Energy Wins Auction for SunEdison Wind and Solar Projects

Submitted by jhartgen@abi.org on

Houston-based NRG Energy Inc has won the auction for bankrupt renewable power plant developer SunEdison Inc.’s wind and solar projects in Texas and other states with a $144 million bid, Reuters reported yesterday. The sale is one of several that SunEdison, once the fastest-growing U.S. renewable energy company, is holding since filing for chapter 11 protection in April after an unsuccessful debt-backed acquisition drive. Bankruptcy Judge Stuart Bernstein will hold a hearing to approve the NRG bid on Thursday, a court filing by SunEdison showed last week.