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NRG Energy’s Solar Portfolio Surpasses 1,200 Megawatts
— Output supports nearly one million homes; more than doubles 2012 total —
“The completion of our most ambitious projects yet, and the commercial
availability of the clean power they produce, clearly positions NRG as
one of the largest and most progressive companies in the energy space
today,” said
NRG Solar’s portfolio of thermal and photovoltaic (PV) projects has more than doubled since the end of 2012. These projects use innovative technology and construction processes to achieve world-class results. NRG Solar’s four largest projects have all achieved full completion in the past 10 months:
- Ivanpah Solar Electric Generating System: The world’s largest concentrated solar thermal power (CSP) plant with an output of 392 MW, Ivanpah provides energy for more than 310,000 homes at peak capacity.
- Agua Caliente: One of the world’s largest solar photovoltaic (PV) plants with an output of 290 MW provides energy for more than 230,000 homes at peak capacity
-
California Valley Solar Ranch : Producing energy up to 250 MW to power 200,000 homes at peak capacity - Alpine: The first large-scale solar plant built in Los Angeles County, with an output of 66 MW providing energy for nearly 53,000 homes at peak capacity
In 2014, NRG has completed solar installations at four
In an effort that began with NRG’s philanthropic efforts in
As a whole, the solar electric market continued its upward trajectory in
2013. In the US 4,751 MW of solar PV was installed in 2013, up 41% over
2012 and nearly 15 times the amount installed in 2008. Twenty-nine
percent of all new electricity generation capacity added this year in
the US came from solar – with seven states getting 100% of their new
generation from solar.
According to the
About NRG and NRG Solar
NRG is leading a customer-driven change in the U.S. energy industry by
delivering cleaner and smarter energy choices, while building on the
strength of the nation’s largest and most diverse competitive power
portfolio. A Fortune 500 company, we create value through reliable and
efficient conventional generation while driving innovation in solar and
renewable power, electric vehicle ecosystems, carbon capture technology
and customer-centric energy solutions. Our retail electricity providers
– Reliant,
NRG Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG’s expectations regarding the Company’s solar projects and
forward-looking statements typically can be identified by the use of
words such as “will,” “expect,” “believe,” and similar terms. Although
NRG believes that its expectations are reasonable, it can give no
assurance that these expectations will prove to have been correct, and
actual results may vary materially. Factors that could cause actual
results to differ materially from those contemplated above include,
among others, general economic conditions, hazards customary in the
power industry, competition in wholesale power markets, the volatility
of energy and fuel prices, failure of customers to perform under
contracts, changes in the wholesale power markets, changes in government
regulation of markets and of environmental emissions, and our ability to
achieve the expected benefits and timing of our solar projects. NRG
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. The foregoing review of factors that could cause NRG’s actual
results to differ materially from those contemplated in the
forward-looking statements included in this news release should be
considered in connection with information regarding risks and
uncertainties that may affect NRG’s future results included in NRG’s
filings with the
Source:
NRG Energy, Inc.
Media:
Jeff Holland, 760-710-3828
or
Investors:
Chad
Plotkin, 609-524-4526
or
Daniel Keyes, 609-524-4527