NRG Expands With Roadrunner Solar Project

From businesswire.com NRG Energy, Inc. (NYSE: NRG), through its wholly owned subsidiary, NRG Solar, will break ground by year end on the Company’s first generation site in New Mexico, the Roadrunner Solar Electric Facility, a 20 megawatt (MW) photovoltaic solar project. Power from the facility will be sold to El Paso Electric Co. (NYSE: EE) under a 20-year power purchase agreement. NRG Solar plans to invest a maximum of $21 million in the project over the next three years, subject to final negotiation of the financing terms and conditions. “I am pleased that NRG has chosen to expand its solar generation operations to New Mexico” The Roadrunner facility will be one of the first large-scale solar projects built in New Mexico and will be the state’s second-largest photovoltaic facility when completed in 2011. In addition to helping New Mexico diversify its generation portfolio and meet its renewable energy goals, the project will create as many as 240 construction jobs. At full capacity, the site will be able to meet the energy demands of approximately 16,000 New Mexico families More here

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