GIP to buy some NRG assets for $1.4 bln

Global Infrastructure Partners said Feb. 7 that it has agreed to buy NRG Energy Inc’s integrated U.S. renewable energy platform, including its controlling stake and 46 percent economic interest in NRG Yield Inc, as well as NRG’s renewable energy operations and maintenance and development businesses. The deal is valued at $1.375 billion. GIP has agreed to provide backstop support for NYLD’s agreed purchase of the Carlsbad Energy Center project. The deal is expected to close in the second half.

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