NRG Energy sells wind assets to NRG Yield

Client(s) NRG Energy, Inc.

Jones Day represented NRG Energy in its agreement to sell 75% of a portfolio of wind assets to NRG Yield, consisting primarily of assets acquired by NRG from Edison Mission Energy in 2014, for $210M in cash plus $145M in assumed project debt and approximately $97M in tax equity. The wind assets represent 814MW of total operating capacity and include the 54MW Elkhorn Ridge facility in Bloomfield, Nebraska; the 90MW San Juan Mesa in Elida, New Mexico; the 161MW Wildorado in Vega, Texas; the 21MW Crosswinds in Ayrshire, Iowa; the 29MW Forward facility and the 38MW Lookout facility in Berlin, Pennsylvania. Also included are the 15MW Hardin in Jefferson, Iowa; the 20MW Odin facility in Minnesota; the 95MW Sleeping Bear in Woodward, Oklahoma; the 19MW Spanish Fork facility in Spanish Fork, Utah; the 150MW Goat Wind facility located in Sterling City, Texas; and the 122MW Elbow Creek farm in Howard County, Texas.