Monday, November 09, 2009

NRG Is Buying Bluewater Wind

Bluewater Wind is making "an important announcement" today in two separate public meetings, upstate and downstate. I'm guessing that Bluewater will announce new financing from a new parent company. Last week, the News Journal published a story that NRG was in talks to buy Bluewater and finance the construction of the country's first offshore wind power project.
Update: It's official; NRG is buying Bluewater: Peter Mandelstam will remain president of Bluewater Wind and lead wind power development for NRG.
Stay tuned.

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