NRG Energy acquires 290-megawatt Agua Caliente Solar Project from First Solar
Clients NRG Energy, Inc.
Jones Day advised NRG Energy, Inc. in connection with its acquisition and proposed development of the 290-megawatt Agua Caliente Solar Project purchased from First Solar. The Department of Energy finalized a $967 million loan guarantee to Agua Caliente Solar, LLC, the project company. Agua Caliente is the world's largest solar photovoltaic project currently under construction. The Yuma County, Arizona project has obtained all permits and approvals from both federal and state agencies, and is expected to create up to 400 construction jobs through its completion date in 2014. When completed, the project will produce sufficient electricity to power about 100,000 average homes per year, displacing approximately 220,000 metric tons of carbon dioxide (CO2) per year.