NRG and NRG Yield Establish New Residential Solar Partnership
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NRG Energy (NRG), NRG Yield (NYLD) Enter Residential Solar Portfolio Agreement
April 13, 2015 7:33 AM EDTNRG Energy (NYSE: NRG) and NRG Yield, Inc. (NYSE: NYLD) have formed a partnership that will invest in and hold operating portfolios of residential solar assets developed by NRG Home Solar, a subsidiary of NRG. This partnership will hold interests in an unlevered and tax equity financed residential solar portfolio. As part of the agreement, NRG will periodically monetize its residential leases through NRG Yields upfront equity investment... More
