Bankruptcy court okays SunEdison sale of wind/solar projects to NRG Renew

A judge at the U.S. Bankruptcy Court for the Southern District of New York, following a Sept. 15 sale hearing, on Sept. 16 issued a final written order approving the sale by SunEdison of a number of renewable energy projects to NRG Renew LLC, an affiliate of NRG Energy (NYSE: NRG).

The order authorizes SunEdison affiliates SUNE Wind Holdings, SunE Waiawa Holdings LLC, First Wind California Holdings LLC, First Wind Solar Portfolio LLC, Somerset Wind Holdings LLC, Buckthorn Renewables Holdings LLC, Rattlesnake Flat Holdings LLC, SunE Hawaii Solar Holdings LLC and Greenmountain Wind Holdings LLC to sell or transfer their equity interests in project companies owning certain utility-scale projects to NRG Renew under a Purchase and Sale Agreement dated Aug. 8, 2016.

On Sept. 9, SunEdson filed with the court a notice stating that NRG Renew was the “Prevailing Purchaser” in a court-monitored sale process.

The approved sale involves several packages of assets, including these projects:

  • Enterprise Project, the 108 MW DC solar project located in Iron County, Utah;
  • Escalante I Project, the 108 MW DC solar project located in Beaver Country, Utah;
  • Escalante II Project, the 108 MW DC solar project located in Beaver County, Utah;
  • Escalante III Project, the 108 MW DC solar project located in Beaver County, Utah;
  • Granite Mountain East Project, the 80 MW AC solar power project located in Iron County, Utah;
  • Granite Mountain West Project, the 50.4 MW AC solar power project located in Iron County, Utah; 
  • Iron Springs Project, the 80 MW AC solar project located in Iron County, Utah, and owned by Iron Springs Solar LLC, an indirect wholly-owned subsidiary of SunE Wind Holdings.;
  • Jupiter Project, the 329 MW DC solar project located in California and owned by California Jupiter LLC, a wholly-owned subsidiary of First Wind California Holdings;
  • Somerset Project, the 85 MW AC wind project located in Maine and owned by Somerset Wind LLC, a wholly-owned subsidiary of Somerset Wind Holdings;
  • Rattlesnake Project, the 150 MW AC wind project located in Washington and owned by Rattlesnake Flat LLC, a wholly-owned subsidiary of Rattlesnake Flat Holdings; and
  • County Line Project, the 449 MW AC wind project located in Maine and owned by Greenmountain Wind LLC, a wholly-owned subsidiary of Greenmountain Wind Holdings.
About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.