NRG Energy Inc. terminates long-term power purchase agreements for Ivanpah Solar Power Plant
Type: Other · Technology: Solar, Other · Country: United States · Capacity: 386 MW · Value: $1.6B · Announced: 2025-02-13
NRG Energy Inc. agreed to terminate two long-term power purchase agreements with Pacific Gas and Electric Co. for two units (part of the 386 MW Ivanpah concentrating solar power plant) and is seeking approvals to begin closing those units for decommissioning, with related negotiations including the U.S. Department of Energy finalized in January 2025.
Counterparties
- U.S. Department of Energy (Lender)
- Pacific Gas and Electric Company (Offtaker)
- NRG Energy, Inc (Seller)
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