NRG Energy has reached agreement with Global Infrastructure Partners (GIP) to sell its renewables platform and 46% ownership in publicly-traded yieldco NRG Yield for $1.375bn in cash.
NRG Energy expects the transaction, among the largest involving wind and solar assets, to close in the second half of this year.
If approved by federal and state regulators, the company tells Recharge that GIP would obtain its 500MW share of NRG Renewables' operating portfolio and 5.08GW
