Alejandro Freixes
Jan 19, 2012

MidAmerican Energy Holdings Company completes minority acquisition of NRG’s Agua Caliente Solar Project

MidAmerican Energy Holdings Company has completed its acquisition of a 49% interest in the Agua Caliente solar project from NRG Energy.  “Partnering with a company with the capabilities of MidAmerican increases the certainty that, working together, we will bring to successful fruition one of the world’s largest solar PV projects,” said David Crane, President and CEO of NRG. “MidAmerican is excited to close on our first solar investment and is emerging as an industry leader in owning solar energy generation,” said Greg Abel, chairman, president and CEO of MidAmerican Energy Holdings Company. While the entire 290-megawatt solar photovoltaic (PV) project, located in Yuma County, Ariz., is expected to reach final completion in 2014, the first 30-megawatt phase of Agua Caliente is expected to begin commercial operation tomorrow, January 19.