Update: NRG Energy’s Bluewater Acquisition
NRG Energy and Bluewater Wind held a joint conference call yesterday in which Bluewater founder and President Peter Mandelstam and NRG’s Northeast Regional President Drew Murphy did not stray far from their talking points (they did not disclose the acquisition price of the all cash deal). However, the two did shed some light on NRG’s motivation in acquiring Bluewater’s development pipeline and on the different funding options NRG was considering to develop the Bluewater projects.
Credit Suisse, as we live-tweeted, advised Bluewater. According to Mandelstam the bank approached 87 potential bidders in Europe, Asia and the Middle East before fellow New Jersey company NRG placed the winning bid. Read More »
