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NRG Energy Acquires Padoma

Padoma Windpower LLC, a privately held company that is leading in wind energy development was acquired by NRG Energy, Inc.. Padoma will have an important part in NRGs technology and fuel growth strategy. NRG is working on having multiple fuel types available to its customers.

CEO of NRG, David Crane, feels that renewable energy has an important and growing role to play alongside fossil fuel.

The acquisition of Padoma is a large step to furthering their multi-fuel, multi region business model. David Crane

Padoma is a wind farm developer. They financed built and operated over 40 wind farms in Europe and the US. Padoma will operate as a subsidiary of NRG and maintain its head quarters in La Jolla, CA.

NRG Energy has a diverse portfolio of energy producing facilities. The vast majority are located in Texas, the Northeast, South Central and Western regions of the US. Now its operations include wind power which will be added to thermal energy production and energy resource recoveryfacilities. The merger with Padoma is part of the companies desire to minimalize its impact on the environment.

NRG Energy, Inc.
211 Carnegie Center
Princeton, NJ 08540-6213
Phone: 609.524.4500
Fax: 609.524.4501




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Posted in Wind Power News by windpower on July 18, 2006.

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