NRG Solar Farm Entire Output Sold to 50 Vermont Customers

NRG Energy Inc. (NRG), the largest independent U.S. electricity producer, is providing power to 50 residential and commercial users in Vermont who agreed to buy all the output from a local solar farm.

The customers each agreed to purchase 3 kilowatts of capacity from the 150-kilowatt solar farm in Rutland, Vermont, NRG said today in a statement. The power is delivered by local utility Green Mountain Power Corp.

NRG has set a goal of offering solar to all of its 3 million retail customers. The Rutland project was built by its NRG Residential Solar Solutions unit, which also leases rooftop systems to homeowners who pay little to nothing up front and sign long-term contracts to purchase electricity.

The customers signed 10-year contracts to buy the electricity. They can carry it with them if they move anywhere within the utility’s service area, said David Knox, an NRG spokesman.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Tina Davis

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