ST. CROIX, U.S. Virgin Islands--(BUSINESS WIRE)--During a festive ribbon-cutting ceremony, NRG Energy, Inc. (NYSE: NRG), one of the largest solar companies in the U.S., celebrated the installation of the Spanish Town Estate Solar Project on the island of St. Croix in the U.S. Virgin Islands. By harnessing the island’s bountiful sunlight, the Spanish Town Estate facility stands ready to generate 4 megawatts (MWac) of clean, emission-free energy, enough to power the homes of approximately 1,500 customers of the U.S. Virgin Island Water and Power Authority (WAPA). The ground-mounted photovoltaic power plant is positioned on 17 acres in Estate Spanish Town, and is connected directly to the new Gregory E. Willocks Substation at the same location.
NRG executives joined representatives from project partners Toshiba International Corporation and WAPA to tour the Spanish Town Estate facility and the new substation after the official ribbon-cutting. The Spanish Town Estate project will be an important step toward the U.S. Virgin Islands and St. Croix achieving their renewable energy goal to reduce fossil fuel-based energy consumption by 60 percent over the next decade. During construction, the project created nearly 100 direct and indirect jobs and injected an estimated $3 million into the local economy.
“Now home to NRG’s first solar facility in the U.S. Virgin Islands, Spanish Town Estate stands out as an example of how Caribbean nations can tap the power of the sun to provide clean energy to residents without compromising the island’s natural beauty,” said Edouard MacGuffie, vice president of development, NRG Renew Caribbean region. “At NRG Renew, we are proud to celebrate this milestone alongside our partners and we look forward to bringing the power of solar energy to other Caribbean nations looking to follow the precedent we set here in St. Croix.”
“Like several of the other green energy initiatives that the Authority is pursuing, this project will result in lowering energy costs for our customers,” said Hugo Hodge Jr., executive director, U.S. Virgin Island Water and Power Authority. “It will generate clean, reliable solar power for delivery to WAPA customers, and help the Virgin Islands and St. Croix achieve our renewable energy goals for the coming years.”
“With the Spanish Town Estate facility, Toshiba worked with project owner NRG and continued with our mission to bring environmentally friendly options for energy generation to the U.S. Virgin Islands,” said Mark Lonkevych, business unit manager at Toshiba. “Since we signed our initial agreement with WAPA in 2012, Toshiba has been proud of the progress we have made and how the Spanish Town Estate facility maintains the pristine beauty of the island which was not compromised by economic factors and the detrimental effects of importing and using fossil fuels.”
While Toshiba served as the lead engineering, procurement and construction through completion, NRG, through its subsidiaries, is now the sole owner of the Spanish Town Estate facility. This project, which is NRG’s first public solar facility in the U.S. Virgin Islands, highlights a commitment to the region and expands NRG’s efforts in the Caribbean, which also include solar projects in Haiti; a solar installation which will begin next year in St. John and a microgrid installation under development on Necker Island.
About NRG Energy and NRG Renew
NRG Energy (NYSE: NRG) is leading customer-driven change in the U.S. energy industry by delivering cleaner and smarter energy choices, while building on the strength of the nation’s largest and most diverse competitive power portfolio. A Fortune 250 company, we create value through reliable and efficient conventional generation while driving innovation in solar and renewable power, electric vehicle ecosystems, carbon capture technology and customer-centric energy solutions. Our retail electricity providers serve almost 3 million residential and commercial customers throughout the country. More information is available at www.nrg.com. Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy and @NRGMedia.
NRG Renew, a subsidiary of NRG Energy, oversees the operation of more than 150 renewable energy projects in the US and internationally. NRG and its companies own or operate approximately 4,500 gross megawatts (MWac) of solar and wind capacity1.
More information is available at http://www.nrg.com/renew
NRG Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include NRG’s expectations regarding the Company’s Spanish Town Estate solar project and forward-looking statements typically can be identified by the use of words such as “will,” “expect,” “believe,” and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to h ave been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the power industry, competition in wholesale power markets, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the wholesale power markets, changes in government regulation of markets and of environmental emissions, and our ability to achieve the expected benefits and timing of our renewable projects. NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect NRG’s future results included in NRG’s filings with the Securities and Exchange Commission at www.sec.gov.