NRG, a New Jersey-based generation company making a major pushintorenewables, says it will invest up to $300m in the 392MW project over the next three years.
NRG’s subsidiary NRG Solar signed a letter of intent to partner with Ivanpah developer BrightSource on construction, financing, ownership and operation of the solar power tower project.
Work has begun on Ivanpah in the eastern Mojave Desert near the California-Nevada border.
