NRG Energy Inc.
) division NRG Solar announced the commencement of operation at
its 26 megawatt (MW) Borrego I Solar Generating Station, in
northeast of Borrego Springs, California. The (AC) photovoltaic
facility will generate adequate energy to power around 9,000
homes a year.
Electricity generated at this newly installed unit will be
bought by San Diego Gas & Electric for a period of 25 years.
These units are intended at reducing NRG Energy's dependence on
fossil fuels that provide clean energy to the
Apart from Borrego I Solar Generating Station, NRG Energy has
eight projects lined up. These include the Agua Caliente, Avenal,
Blythe, California Solar Valley Ranch and Ivanpah Solar Electric
Generating System in California which are presently in the
construction phase. Alpine Generating station in California, Avra
Valley in Arizona and Roadrunner in Mexico are the company's
completed projects that are now in service.
The latest solar project will enable the company to reduce carbon
dioxide emissions by about 19,000 tons and is expected to provide
green energy sourced power at cost-competitive prices.
The Borrego I Solar Generating Station project is another
important addition to NRG Energy's green asset portfolio as it
will support California's proposed 33% renewable energy target.
The company's strategic solar programs will help it to maintain
its momentum given the U.S. government's steps towards promoting
clean electricity in the future.
To meet the environmental legislations, apart from NRG Energy,
other utility providers including
) also invest substantially to develop and upgrade their
renewable emission-free utility assets.
It is evident from past projects that NRG Energy is also jumping
on this bandwagon. The company continues to convert its existing
generation bases into cost-effective units and is investing $100
million in building comprehensive electric vehicle
Recently, NRG Energy started operations of its 66 MW Alpine
Generating station in Los Angeles County, California. We believe
these initiatives will subsequently improve the company's
ALLETE INC (ALE): Free Stock Analysis Report
NRG ENERGY INC (NRG): Free Stock Analysis
NORTHEAST UTIL (NU): Free Stock Analysis
SEMPRA ENERGY (SRE): Free Stock Analysis
To read this article on Zacks.com click here.
However, fossil fuels remain the most popular among energy
producers owing to their abundance in the U.S. These sources
provide stiff competition to renewable sources.
Princeton, NJ-based NRG Energy together with its subsidiaries
operates as an integrated wholesale power generation and retail
electricity company. The company currently has a Zacks Rank #3