Houston-based NRG Energy Inc. has won the auction for bankrupt renewable power plant developer SunEdison Inc.’s wind and solar projects in multiple states, including Maine, with a $144 million bid, according to a court filing.
The sale is one of several that SunEdison, once the fastest-growing U.S. renewable energy company, is holding since filing for Chapter 11 bankruptcy protection in April after an unsuccessful debt-backed acquisition drive.
Judge Stuart Bernstein in Manhattan will hold a hearing to approve the NRG bid on Thursday, a court filing by SunEdison showed last week.
The projects sold include SunEdison’s proposal for a 26-turbine project on Misery Ridge, near Moosehead Lake, that has generated local opposition from residents near the outdoor tourism destination.
NRG won the auction with its starting bid of $144 million, buying a total of about 2.1 gigawatts of SunEdison project capacity.
The Somerset wind project on Misery Ridge has not yet applied for a permit from the Maine Department of Environmental Protection, but the company did set up several towers to collect wind data and evaluate the project’s potential at that site.
BDN writer Darren Fishell contributed to this report.
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