Investors News Release
View printer-friendly version |
<< Back |
NRG Begins Operations at 26 MW Borrego Solar Photovoltaic Facility
Utility-scale solar facility in
NRG's 26 megawatt
“Borrego is our first utility-scale solar facility providing power to
the
“The Borrego I Solar Generating Station will provide clean renewable
solar power for our customers, and is the first utility scale local
renewable project to come online in
The Borrego facility will generate enough energy to meet the annual needs of approximately 9,000 homes. Using clean solar power also avoids the annual emission of approximately 19,000 tons of carbon dioxide into the atmosphere, the equivalent of taking 3,500 cars off the road.
Borrego is one of eight large-scale solar facilities in NRG’s ownership
portfolio that is currently producing clean solar power for thousands of
homes and businesses in three states. The other seven completed or
partially completed plants are
In addition to developing California’s largest solar portfolio currently
under contract, NRG is investing more than
About NRG and NRG Solar
NRG is at the forefront of changing how people think about and use
energy. We deliver cleaner and smarter energy choices for our customers,
backed by the nation’s largest independent power generation portfolio of
fossil fuel, nuclear, solar and wind facilities. A Fortune 300 company,
NRG is challenging the U.S. energy industry by becoming the largest
developer of solar power, building the first privately-funded electric
vehicle charging infrastructure, and providing customers with the most
advanced smart energy solutions to better manage their energy use. In
addition to 47,000 megawatts of generation capacity, enough to supply
nearly 40 million homes, our retail electricity providers – Reliant,
NRG Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG’s expectations regarding the Company’s Borrego solar project and
forward-looking statements typically can be identified by the use of
words such as “will,” “expect,” “believe,” and similar terms. Although
NRG believes that its expectations are reasonable, it can give no
assurance that these expectations will prove to have been correct, and
actual results may vary materially. Factors that could cause actual
results to differ materially from those contemplated above include,
among others, general economic conditions, hazards customary in the
power industry, competition in wholesale power markets, the volatility
of energy and fuel prices, failure of customers to perform under
contracts, changes in the wholesale power markets, changes in government
regulation of markets and of environmental emissions, and our ability to
achieve the expected benefits and timing of our electric vehicle
projects. NRG undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The foregoing review of factors that could
cause NRG’s actual results to differ materially from those contemplated
in the forward-looking statements included in this news release should
be considered in connection with information regarding risks and
uncertainties that may affect NRG’s future results included in NRG’s
filings with the
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130305006562/en/
Source:
NRG
Media:
Lori Neuman, 609-524-4525
Dave Knox,
713-537-2130
or
Investors:
Chad Plotkin, 609-524-4526
Stefan
Kimball, 609-524-4527