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This Company Won an Auction for Bankrupt SunEdison’s Wind, Solar Projects

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September 12, 2016, 7:08 PM ET
Mauricio Gutierrez, President and Chief Executive Officer. Mauricio Gutierrez is President and CEO of NRG. Mauricio joined NRG in 2004 and helped build it from a regional wholesale generation business to a national, Fortune 200 diversified energy company. NRG is the nation's largest competitive power generator. The company is also a major competitive energy retailer that serves nearly 3 million recurring retail customers and is one of the country's largest owners and operators of renewable power facilities.
Mauricio Gutierrez, President and Chief Executive Officer. Mauricio Gutierrez is President and CEO of NRG. Mauricio joined NRG in 2004 and helped build it from a regional wholesale generation business to a national, Fortune 200 diversified energy company. NRG is the nation's largest competitive power generator. The company is also a major competitive energy retailer that serves nearly 3 million recurring retail customers and is one of the country's largest owners and operators of renewable power facilities.Christopher Walken

Houston-based NRG Energy (NRG) has won the auction for bankrupt renewable power plant developer SunEdison’s wind and solar projects in Texas and other states with a $144 million bid, according to a court filing.

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The sale is one of several that SunEdison, once the fastest-growing U.S. renewable energy company, is holding since filing for Chapter 11 bankruptcy protection in April after an unsuccessful debt-backed acquisition drive.

Judge Stuart Bernstein in Manhattan will hold a hearing to approve the NRG bid on Thursday, a court filing by SunEdison showed last week.

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