Home Business & Finance NRG Energy wins auction for SunEdison wind and solar projects
NRG Energy wins auction for SunEdison wind and solar projects

NRG Energy wins auction for SunEdison wind and solar projects

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Houston-based NRG Energy Inc has won the auction for bankrupt renewable power plant developer SunEdison Inc ‘s wind and solar projects in Texas and other states with a $144 million bid, according to a court filing. The sale is one of several that SunEdison, once the fastest-growing U.S. renewable energy company, is holding since filing for Chapter 11 bankruptcy protection in April after an unsuccessful debt-backed acquisition drive. Judge Stuart Bernstein in Manhattan will hold a hearing to approve the NRG bid on Thursday, a court filing by SunEdison showed last week.

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Anand Gupta Editor - EQ Int'l Media Network

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