Christopher Martin, July 28, 2014 (Bloomberg BusinessWeek)
“NRG Yield Inc., a spinoff of mostly renewable energy assets by NRG Energy Inc., plans to offer $400 million in bonds for its purchase of the Alta Wind farm…The so-called green bonds tied to sales of clean energy technologies are due in 2024 and are guaranteed by NRG Yield and its parent…Proceeds from the offering will help NRG Yield acquire the biggest wind farm in North America for $870 million in cash from Terra-Gen Power LLC. Alta Wind in Tehachapi, California, can produce as much as 947 megawatts. The output is sold to Edison International’s Southern California Edison utility under a long term contract…The market for green bonds could almost triple this year to $40 billion from $14 billion last year…” click here for more
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