Global Infrastructure Partners’ Acquisition of NRG Energy, Inc. interest in NRG Yield, Inc.

Akin Gump Advises Global Infrastructure Partners on the deal

NRG Yield, Inc. announced that Global Infrastructure Partners (GIP), a leading global independent infrastructure investor, has completed its acquisition of NRG Energy, Inc.’s entire ownership interest in the company, as well as NRG’s renewable development and operations platform. GIP will provide NRG Yield with a leading sponsor with substantial financial resources to accelerate development of the next generation of drop down projects.

In connection with the closing of the transaction, which was announced in February, NRG Yield will change its name to Clearway Energy, Inc., effective today.

Akin Gump advised GIP, with a team including global project finance partner Edward Zaelke (Picture), Thomas Dupuis, Daniel Lynch, Nicole Scott, Lauren Levinson and Porter Wiseman.

Involved fees earner: Edward Zaelke – Akin Gump; Nicole Scott – Akin Gump; Lauren Levinson – Akin Gump; Thomas Ian Dupuis – Akin Gump; Daniel Lynch – Akin Gump; J. Porter Wiseman – Akin Gump;

Law Firms: Akin Gump;

Clients: Global Infrastructure Partners;

Author: Ambrogio Visconti