Akin Gump Advises Global Infrastructure Partners in Completion of NRG Yield Sponsorship
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(Los Angeles) – NRG Yield, Inc. announced that Global Infrastructure Partners (GIP), a leading global independent infrastructure investor, has completed its acquisition of NRG Energy, Inc.’s entire ownership interest in the company, as well as NRG’s renewable development and operations platform. GIP will provide NRG Yield with a leading sponsor with substantial financial resources to accelerate development of the next generation of drop down projects.
In connection with the closing of the transaction, which was announced in February, NRG Yield will change its name to Clearway Energy, Inc., effective today.
The Akin Gump team, which acted as co-counsel in advising GIP, was led by global project finance partner Edward Zaelke. He was joined by global project finance partner Thomas Dupuis, counsel Daniel Lynch and associate Nicole Scott; corporate associate Lauren Levinson; and energy regulation, markets and enforcement senior counsel Porter Wiseman.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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