NRG Energy and Digicel Partner to Bring Renewable, Affordable and Reliable Electricity to the People of the Caribbean

  NRG Energy and Digicel Partner to Bring Renewable, Affordable and Reliable
  Electricity to the People of the Caribbean

Business Wire

NEW YORK -- September 26, 2013

NRG Energy, Inc. (NYSE:NRG) and Digicel today jointly announced at the Clinton
Global Initiative conference in New York a partnership to acquire, construct
and operate renewable energy projects under development in the Caribbean
region. NRG and Digicel stand ready to bring financial and environmental
benefits to the governments, utilities and peoples of the Caribbean in a
venture that could see the two companies making a sizeable investment in the
region.

“NRG’s work in Haiti has demonstrated the transformative impact that renewable
energy can have on communities that otherwise lack access to affordable,
reliable electricity,” said David Crane, Chief Executive Officer of NRG. “We
stand ready with Digicel to support the widespread adoption of renewables
across the Caribbean, thereby helping to drive down electricity costs for the
region and reducing the deleterious impacts of fossil fuel generation on the
Caribbean ecosystem.”

“In the Caribbean today, distributed and utility-scale renewable energy
projects can deliver a much lower cost of energy than fossil fuels, without
subsidies,” said Colm Delves, Group CEO of Digicel. “Our intent is to identify
projects from across the region – and to support these in completing
development, financing, and construction. This will translate into substantive
and lasting energy savings for the governments and people of the Caribbean.”

Crane added, “NRG’s vision is for solar-led renewable medium- to large-scale
off-grid systems across the region. We understand a mix of technologies, from
batteries to wind energy systems, will be necessary to offer the greatest
financial and environmental benefits to Caribbean stakeholders, and we are
open to supporting all systems with demonstrated performance history.”

NRG and Digicel endeavor to partner on projects throughout the Caribbean, with
the aim of acquiring, constructing, and owning these projects for their
lifetime. Through an RFP process, NRG and Digicel are soliciting developers,
governments, installers and others to provide information on renewable energy
projects under development for possible investment. The RFP will be formally
launched on September 30, 2013, and end on November 15, 2013.

The process is being managed by CohnReznick Think Energy, LLC (CRTE). CRTE is
a consulting firm focused on facilitating the growth of renewable energy by
supporting transactions, and providing due diligence and other advisory
services. NRG and Digicel have strict investment parameters and each project
will be thoroughly reviewed by CRTE to ensure it meets all investment
criteria. To obtain a copy of the RFP, which includes all investment criteria,
please contact Helen Tocco at htocco@crthinkenergy.com.

About NRG

NRG is leading a customer-driven change in the U.S. energy industry by
delivering cleaner and smarter energy choices, while building on the strength
of the nation’s largest and most diverse competitive power portfolio. A
Fortune 500 company, we create value through reliable and efficient
conventional generation while driving innovation in solar and renewable power,
electric vehicle ecosystems, carbon capture technology and customer-centric
energy solutions. Our retail electricity providers – Reliant, Green Mountain
Energy and NRG Residential Solutions – serve more than 2 million residential
and commercial customers throughout the country. More information is available
at www.nrgenergy.com. Connect with NRG Energy on Facebook and follow us on
Twitter @nrgenergy.

About Digicel Group

Digicel Group Limited is a leading global communications provider with
operations in 31 markets in the Caribbean, Central America and Asia Pacific.
After 12 years of operation, total investment to date stands at over US$4.5
billion worldwide. The company is renowned for delivering best value, best
service and best network.

Digicel is incorporated in Bermuda and its markets comprise: Anguilla, Antigua
& Barbuda, Aruba, Barbados, Bermuda, Bonaire, the British Virgin Islands, the
Cayman Islands, Curacao, Dominica, El Salvador, Fiji, French Guiana, Grenada,
Guadeloupe, Guyana, Haiti, Jamaica, Martinique, Nauru, Panama, Papua New
Guinea, Samoa, St. Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines,
Suriname, Tonga, Trinidad & Tobago, Turks & Caicos and Vanuatu. Digicel also
has coverage in St. Martin and St. Barts in the Caribbean.

About CRTE

CRTE is a consulting firm focusing on renewable energy generation. We assist
project developers, financiers, governmental organizations, and consumers and
generators of renewable power. Since CRTE was founded in 2000, we have been
supporting clients interested in acquiring on-site renewable energy systems,
developing renewable energy projects, purchasing and selling electricity and
renewable energy credits (RECs), expanding and improving their renewable
energy businesses and technologies, and investing in renewable energy projects
and businesses. Working alongside CohnReznick and Reznick Capital Markets, RTE
offers one of the most comprehensive project advisory platforms in the
industry. RTE has assembled a team experienced in economic, financial and
policy analysis; project management; engineering; technology and resource
evaluation; and project feasibility studies.

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Contact:

NRG Energy
Karen Cleeve, 609-524-4608
Karen.Cleeve@nrgenergy.com
or
Digicel Group
Antonia Graham, +1-876-564-1708
Head of Group Public Relations
 
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