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Houston-based NRG Energy Inc has won the auction for bankrupt renewable power plant developer SunEdison Inc ‘s wind and solar projects in Texas and other states with a $144 million bid, according to a court filing.
The sale is one of several that SunEdison, once the fastest-growing U.S. renewable energy company, is holding since filing for Chapter 11 bankruptcy protection in April after an unsuccessful debt-backed acquisition drive.
Judge Stuart Bernstein in Manhattan will hold a hearing to approve the NRG bid on Thursday, a court filing by SunEdison showed last week.
Source: Reuters
