NRG Renew to Develop 20MW Solar Energy Facility for Cisco
23 June 2015 - 10:00PM
Business Wire
NRG Solar Blythe II to Help Cisco Achieve 2016
Renewable Energy Goals
Today, NRG Renew LLC, a wholly owned subsidiary of NRG Energy,
Inc. (NYSE:NRG), the country’s largest independent power producer,
announced plans to develop a 20 megawatt (MW) solar energy facility
that will generate clean, reliable solar power for delivery to
Cisco’s San Jose headquarters. NRG Renew LLC will convert its NRG
Solar Blythe II location, which is a 153-acre parcel that has been
under development by NRG since 2010, into a solar installation that
will help Cisco reach its goal of using renewable sources for at
least 25 percent of its electricity needs by 2017. The project is
scheduled to begin commercial operation by the end of 2016.
“Partnerships with industry leaders like Cisco are a key part of
our vision for a clean energy future because they reinforce just
how integral renewable energy is to the everyday nature of
business,” said Tom Doyle, president and CEO of NRG Renew. “We are
proud to work with Cisco to develop unique renewable solutions that
help them reach their sustainability goals.”
“Enabling a diverse energy supply through low-carbon and
renewable sources is key to meeting Cisco’s energy goals set forth
in 2013. We thoroughly vetted potential solutions to help us
realize our sustainability goals and are thrilled to collaborate
with NRG to source renewable energy and increase our use of solar
power. We look forward to exploring new, innovative ways to green
the power we use,” said Ali Ahmed, Global Energy and Sustainability
Leader, Cisco.
Electricity generated by the solar installation will be sold to
Cisco under a 20-year power purchase agreement (PPA), increasing
Cisco headquarters’ total use of clean, emission-free
electricity.
Located in the Sonoran Desert near the Arizona and California
border, the NRG Solar Blythe II location receives plentiful
sunshine: For nearly half the year, average temperatures reach 90°F
or higher.1 The photovoltaic technology to be installed on-site
requires no fuel and minimal water. The amount of emission-free
energy generated is expected to be equivalent to the power needed
to serve more than 14,000 homes and to prevent more than 102,000
metric tons of carbon dioxide from entering the atmosphere
annually, which is the equivalent of removing more than 21,000 cars
from the road. During the construction period, the project is
anticipated to create approximately 200 jobs.
Cisco has also installed approximately 2MW of solar at Cisco
facilities over the past two years, including a new system in
Boxborough, Mass. In addition to using electricity from certified
low-carbon and renewable sources, Cisco is committed to reducing
its energy consumption by improving the efficiency of its
buildings. Beyond decreasing lighting and space conditioning
energy, Cisco is focused on reducing power consumption in its
engineering labs, the company’s largest consumers of energy and
greatest source of greenhouse gas emissions. Cisco is also
deploying new workplace designs to make better use of existing real
estate and stimulate innovation through collaboration.
NRG and NRG Renew have already announced partnerships with
several leading companies, including Unilever and Kaiser
Permanente, to develop clean energy solutions. In addition, NRG has
solar projects that are recently completed or under construction at
MGM Resorts International, Starwood Hotels & Resorts Worldwide,
Inc., Levi’s Stadium and the AmericanAirlines Arena home of the
Miami HEAT, along with community solar
projects in California, Colorado and
Vermont.
1 Western Regional Climate Center data,
http://www.wrcc.dri.edu/cgi-bin/cliMAIN.pl?ca0924
# # #
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps
companies transform the opportunities of tomorrow by proving that
amazing things can happen when you connect the previously
unconnected. For ongoing news, please go
to http://thenetwork.cisco.com.
About NRG Renew
NRG Renew, a subsidiary of NRG Energy, Inc., owns or has partial
investment in more than 150 renewable energy projects totaling
approximately 4,500 gross MWac of solar and wind capacity in
operation throughout North America. More information is available
at http://www.nrg.com/renew.
About NRG
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 200 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 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
solar projects 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 have 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 solar 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150623005710/en/
NRG Renew LLCMedia:Veronica Skelton,
415-342-3435orInvestors:Matt Orendorff, 609-524-4526Lindsey
Puchyr, 609-524-4527
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