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Stock Market & Financial Investment News

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July 21, 2014
07:05 EDTTOSBF, NRGNRG Energy acquires Spanish Town Estate Solar project
NRG Energy (NRG) announced the acquisition of the 4 megawatt Spanish Town Estate Solar project on the island of St. Croix in the U.S. Virgin Islands from Toshiba (TOSBF). Once completed, the power will be sold to the U.S. Virgin Island Water and Power Authority under a 25-year power purchase agreement. The project also is expected to help the USVI achieve their renewable energy goals to reduce its fossil fuel based energy consumption by 60% over the next 10 years. Construction of the Spanish Town Estate Solar project began in April and is expected to generate enough electricity to power more than 1,500 homes. The solar facility will require no fuel and minimal water. It is expected to create nearly 100 direct and indirect jobs during construction and to inject a total of approximately $3M into the local economy. With the purchase of the project, NRG, through its subsidiaries, will be the sole owner of the facility, while Toshiba will continue to serve as the lead on engineering, procurement and construction.
News For NRG;TOSBF From The Last 14 Days
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May 18, 2015
07:47 EDTTOSBFToshiba longer term outlook still positive, says Bernstein
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May 15, 2015
17:08 EDTNRGSoros Fund gives quarterly update on stakes
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May 14, 2015
13:49 EDTTOSBFToshiba expects to correct FY11-FY13 results by Y50B or more due to probe
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May 13, 2015
07:04 EDTTOSBFTessera files breach of contract case against Toshiba
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