Texas-based NRG Energy has won the auction for a 2.1GW portfolio of wind and solar projects owned by bankrupt renewable energy developer SunEdison with a $144m bid.
The development-stage projects are located in California, Hawaii, Maine, Texas, Utah and Washington, according to court records.
SunEdison and several subsidiaries filed for Chapter 11 bankruptcy protection in April due to mounting debt and liquidity issues.
In August, SunEdison declared NRG as the stalking horse bidder in the asset auction, which set NRG’s bid as the floor price.
A bankruptcy court in New York is reviewing the proposed sale at a hearing today.
The asset sale is one of several that SunEdison is holding after filing for bankruptcy.
Image: SunEdison
