ABB_id2059
in News Departments > FYI
print the content item

NRG Yield Operating, an indirect subsidiary of New Jersey-based NRG Yield Inc., intends to commence an offering of $400 million of senior notes due 2024. The notes will be senior unsecured obligations of Yield Operating and guaranteed by NRG Yield.

Yield Operating says it intends to use the proceeds of the offering to fund, in whole or in part, renewable energy projects. Specifically, it plans to use the proceeds to help fund the previously announced $870 million purchase of the Alta Wind Energy Center (AWEC) in California from Terra-Gen Power.

NRG Yield, a yieldco subsidiary of NRG Energy, also recently launched a public offering of 10.5 million shares of its Class A common stock to help fund the AWEC buy. However, Yield Operating says its note offering is not conditioned upon the completion of the Alta deal.



Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015