Investors News Release
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Opening of “Shared Solar” Project Signals Strong Future for NRG and Community Solar Model
Consumer Demand Strong for New Shared Renewable Energy Source in
“Residents in several states across America – including
The announcement comes on the day NRG Home Solar and NRG Renew bring a
new shared solar site online in
NRG Home Solar and NRG Renew have over 100 megawatts of shared solar projects in various stages of development and are actively working to expand into additional markets, so customers who may not have a rooftop suitable for solar still have the option to go solar.
Subscribers to Freetown’s shared solar project entered into a 20-year agreement with NRG Home Solar that provides price stability and savings. Customers earn credits toward their energy bill that are calculated based on how much renewable energy their portion of the project generated in a billing cycle.
“One of the most exciting things about solar is that as it grows
explosively we create new opportunities for people to make renewable
energy part of their lives,” said
About NRG Home
NRG Home is a leading consumer energy solutions provider, offering
greater control over the creation and use of energy, both at home and on
the go. NRG Home belongs to the NRG family of companies that comprises a
growing portfolio that serves more than three million customers with
integrated power products including retail electricity, home solar
systems and smart energy solutions that allow customers to generate,
manage and share more of their own energy in ways that are clean,
reliable and affordable. NRG Home is part of
About NRG Renew
NRG Renew, a subsidiary of NRG Energy, Inc., owns or has partial investment in more than 150 renewable energy projects totaling approximately 4,500 gross MWac of solar and wind capacity in operation throughout North America. More information is available at nrg.com/renew.
Melissa Hensley, 713-537-3099