NRG Completes Acquisition of Padoma Wind Power

Princeton, New Jersey [RenewableEnergyAccess.com] NRG Energy, Inc. completed its acquisition of the privately held Padoma Wind Power LLC, a wind energy development company. Marking NRG’s entrance into the wind generation market, Padoma Wind Power will play a key role in NRG’s multi-fuel and multi-technology growth strategy. Padoma Wind Power is a wind farm developer whose principals have developed, financed, built and operated more than 40 wind farms in the U.S. and Europe. Padoma will maintain headquarters in La Jolla, California, and will operate as a subsidiary of NRG with its existing management team remaining in place. The transaction was funded with cash on hand, for an undisclosed sum.