The bonds –which will be convertible into cash, shares or both – will be used to acquiregeneration assets from both NRG Energy and other parties, NRG Yield says.

NewJersey-based NRG Yield, which raised more than $400m in its IPO, intends to buya number of projects from NRG Energy this year – including several utility-scalePV projects and a fast-start natural-gas plant in California.

NRG