NRG Solar acquires 25.65 MW solar project in Guam island

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Greentech Lead America: NRG Energy, through its wholly owned subsidiary NRG Solar, has acquired a 25.65-megawatt (AC) solar project on the island of Guam from Quantum Guam Power Holdings, a wholly owned affiliate of Quantum Utility Generation (QUG).

The project will help mitigate Guam’s exposure to fuel price volatility future environmental regulations. NRG Solar will construct, own and operate the solar project which will sell all of its power output to the Guam Power Authority (GPA), the island’s sole electric utility, under two twenty-five year power purchase agreements (PPA).

The PPAs will allow GPA to supply its customer’s power more cleanly and cost-effectively than any other generation source currently in operation on Guam.

According to the GPA estimates, the project is expected to generate enough clean solar power during the PPAs to offset consumption of almost 2 million barrels of residual fuel oil and diesel, representing total fuel cost savings to GPA of over $300 million and net savings of approximately $100 million.

NRG Energy announces commercial operation of two solar PV projects in California

NRG Energy recently announced that two of the solar photovoltaic (PV) facilities the company acquired from Recurrent Energy earlier this year have reached commercial operation.

The two California based solar PV facilities, totaling 40 megawatts (AC), deliver electricity to Southern California Edison (SCE) and Pacific Gas & Electric (PG&E).

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