NRG Yield closes acquisition of Alta Wind

NRG Yield has completed its acquisition of the Alta Wind facility located in Tehachapi, California from Terra-Gen Power for US$ 870 million, plus the assumption of US$ 1.6 billion of non-recourse project financings and subject to customary working capital adjustments. The acquisition, which totals 947MW of operating wind capacity, also includes a portfolio of land leases associated with the Alta Wind facility.