NRG Energy, Inc. (NYSE: NRG) completed the purchase of the South Trent wind farm near Sweetwater, Texas.
The 101 megawatt (MW) wind farm, which came online in January 2009, consists of 44 Siemens 2.3-MW wind turbines capable of powering more than 80,000 homes when the wind farm is operating at maximum capacity.
AEP Energy Partners, Inc. has a 20-year power purchase agreement for all of the generation from the site.
South Trent is the fourth plant in NRG’s onshore wind portfolio. NRG owns and operates the 120-MW Elbow Creek wind farm near Big Spring, Texas and the 150-MW Langford wind farm near San Angelo, Texas. NRG also is a 50% owner of the 150-MW Sherbino wind farm near Fort Stockton, Texas, operated by BP Alternative Energy, North America.
In addition to onshore wind, NRG is developing a mix of low and no carbon generation, including new nuclear, solar, offshore wind, biomass and carbon sequestration.
Headquartered in Princeton, NJ,NRG’s power plants provide more than 24,000 MW of generation capacity. NRG’s retail business, Reliant Energy, serves more than 1.6 million residential, business, commercial and industrial customers in Texas.
A recent study found that a typical Texas residential consumer is expected to potentially save $160 to $355 annually in electricity bills, once new transmission lines are completed to deliver wind power throughout the state.
Learn about wind power development and green stocks to invest in by subscribing to our newsletter, Progressive Investor.
Loading...