NRG Begins Operations at 26 MW Borrego Solar Photovoltaic Facility

  NRG Begins Operations at 26 MW Borrego Solar Photovoltaic Facility

Utility-scale solar facility in San Diego County provides clean power to SDG&E
                                  customers

Business Wire

PRINCETON, N.J. -- March 5, 2013

NRG Energy, Inc. (NYSE: NRG), through its wholly owned subsidiary NRG Solar,
announced the start of commercial operations for the Borrego I Solar
Generating Station, a 26 megawatt (AC) photovoltaic facility located northeast
of Borrego Springs, Calif. The station’s electricity will be sold to San Diego
Gas & Electric under a 25-year power purchase agreement.

NRG's 26 megawatt Borrego I Solar Generating Station has begun operations in
California. The electri ...

NRG's 26 megawatt Borrego I Solar Generating Station has begun operations in
California. The electricity will be sold to San Diego Gas & Electric under a
25-year power purchase agreement. (Photo: Business Wire)

“Borrego is our first utility-scale solar facility providing power to the San
Diego area, helping to create local construction jobs and meet SDG&E’s demands
for cost-competitive renewable sources of electricity,” said Randy Hickok,
Senior Vice President of NRG Solar. “Our large-scale solar facilities provide
clean, renewable energy that Californians want for their homes and to power
the electric vehicle infrastructure NRG is currently building in California
and Texas. Taken together, solar and electric vehicles will go a long way
toward reducing our reliance on fossil fuels and our carbon emissions.”

“The Borrego I Solar Generating Station will provide clean renewable solar
power for our customers, and is the first utility scale local renewable
project to come online in San Diego County since 2006,” said Matt Burkhart,
vice president of electric and fuel procurement for SDG&E. “We applaud NRG
Energy for their perseverance in getting this project constructed and look
forward to more local renewable projects.”

The Borrego facility will generate enough energy to meet the annual needs of
approximately 9,000 homes. Using clean solar power also avoids the annual
emission of approximately 19,000 tons of carbon dioxide into the atmosphere,
the equivalent of taking 3,500 cars off the road.

Borrego is one of eight large-scale solar facilities in NRG’s ownership
portfolio that is currently producing clean solar power for thousands of homes
and businesses in three states. The other seven completed or partially
completed plants are Agua Caliente (under construction) and Avra Valley in
Arizona; Roadrunner in New Mexico; and Avenal, Blythe, Alpine and California
Valley Solar Ranch (under construction) in California. A ninth solar plant
that is not yet producing power, the Ivanpah Solar Electric Generating System
in California, is expected to be completed before the end of this year.

In addition to developing California’s largest solar portfolio currently under
contract, NRG is investing more than $100 million to build the nation’s first
comprehensive, privately funded electric vehicle infrastructure. NRG plans to
install thousands of charging stations at homes, offices, multi-family
communities and retail locations throughout major metropolitan areas in
California, Texas and the Washington D.C./Maryland/Northern Virginia region.

About NRG and NRG Solar

NRG is at the forefront of changing how people think about and use energy. We
deliver cleaner and smarter energy choices for our customers, backed by the
nation’s largest independent power generation portfolio of fossil fuel,
nuclear, solar and wind facilities. A Fortune 300 company, NRG is challenging
the U.S. energy industry by becoming the largest developer of solar power,
building the first privately-funded electric vehicle charging infrastructure,
and providing customers with the most advanced smart energy solutions to
better manage their energy use. In addition to 47,000 megawatts of generation
capacity, enough to supply nearly 40 million homes, our retail electricity
providers – Reliant, Green Mountain Energy and Energy Plus – serve more than
two million customers. More information is available at www.nrgenergy.com.
Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.

NRG Solar LLC, a subsidiary of NRG, has more than 2,000 MW of photovoltaic and
solar thermal projects in operation, under construction or in development
across the southwestern United States. More information is available at
www.nrgsolar.com.

NRG Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Such forward-looking statements are subject to certain
risks, uncertainties and assumptions and include NRG’s expectations regarding
the Company’s Borrego solar project and forward-looking statements typically
can be identified by the use of words such as “will,” “expect,” “believe,” and
similar terms. Although NRG believes that its expectations are reasonable, it
can give no assurance that these expectations will prove to have been correct,
and actual results may vary materially. Factors that could cause actual
results to differ materially from those contemplated above include, among
others, general economic conditions, hazards customary in the power industry,
competition in wholesale power markets, the volatility of energy and fuel
prices, failure of customers to perform under contracts, changes in the
wholesale power markets, changes in government regulation of markets and of
environmental emissions, and our ability to achieve the expected benefits and
timing of our electric vehicle projects. NRG undertakes no obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. The foregoing review of factors that
could cause NRG’s actual results to differ materially from those contemplated
in the forward-looking statements included in this news release should be
considered in connection with information regarding risks and uncertainties
that may affect NRG’s future results included in NRG’s filings with the
Securities and Exchange Commission at www.sec.gov.

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Contact:

NRG
Media:
Lori Neuman, 609-524-4525
Dave Knox, 713-537-2130
or
Investors:
Chad Plotkin, 609-524-4526
Stefan Kimball, 609-524-4527
 
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