NRG Yield Inc, a unit of NRG Energy Inc, said it would purchase California's Alta Wind Energy Center, the largest wind farm in North America, for $870 million.The acquisition totals 947 megawatts of operating wind capacity and includes a portfolio of land leases associated with the Alta Wind facility, NRG Yield said on Wednesday.The deal is expected to increase NRG Yield's annual run-rate earnings before interest, taxes, depreciation and amortization (EBITDA) by about $220 million.Alta Wind, located in the Tehachapi Pass in California's Kern County, is owned by Terra-Gen Power LLC, an affiliate of private-equity firms Global Infrastructure Partners and Arclight Capital Partners.
NRG Energy, Inc. (NRG) is an integrated wholesale power generation and retail electricity company in the United States. Shares of NRG traded higher by 1.21% or $0.43/share to $36.06. In the past year, the shares have traded as low as $24.86 and as high as $36.07. On average, 3801700 shares of NRG exchange hands on a given day and today's volume is recorded at 3963277.
NRG Yield, Inc. serves as the primary vehicle, through which NRG Energy, Inc. Shares of NYLD remained unchanged at $46.92. In the past year, the shares have traded as low as $26.50 and as high as $47.49. On average, 304147 shares of NYLD exchange hands on a given day and today's volume is recorded at 451421.
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