NRG Yield, Inc.’s acquisition of Gas-Fired and Solar-Generating Facilities from NRG Energy, Inc.

Crowell & Moring LLP represented NRG Yield, Inc. in negotiating agreements to acquire the Carlsbad Energy Center, a 519 megawatt gas-fired generating facility under construction in California, for $365 million in cash plus assumed debt of $601 million, and the Buckthorn Solar Generating Facility, a 154 megawatt facility under construction in Texas, for $42.3 million in cash plus assumed debt of $131 million.

The Buckthorn transaction is expected to close in the first quarter of 2018 and the Carlsbad transaction is expected to close in the fourth quarter of 2018.

The Crowell & Moring team included partner Patrick W. Lynch (picture), counsel Nicholas James, partner Scott J. Moore, partner David Chung, partner Jennifer A. Ray, senior counsel Deborah A. Carpentier, counsel Diana A. Jeschke, associate Tyler A. O’Connor, associate Kevin M. Silk, and associate Mark Thomson.

 

Involved fees earner: Patrick Lynch – Crowell Moring LLP; Nicholas James – Crowell Moring LLP; Scott Moore – Crowell Moring LLP; Kevin Silk – Crowell Moring LLP; Deborah Carpentier – Crowell Moring LLP; Diana Jeschke – Crowell Moring LLP; Tyler O’Connor – Crowell Moring LLP; David Chung – Crowell Moring LLP; Mark Thomson – Crowell Moring LLP; Deborah Carpentier – Crowell Moring LLP; Jennifer Ray – Crowell Moring LLP;

Law Firms: Crowell Moring LLP;

Clients: NRG Yield, Inc.;

 

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Author: Ambrogio Visconti