NRG Teams With Solar Provider To Offer Texas C&I Customers Solar As Part Of New, Simplified Fixed Price Renewable Plan Structure

NRG Energy, Inc. and Cypress Creek Renewables announced today a joint project where Cypress Creek will develop and operate 25 megawatts of solar projects for NRG to support Texas commercial and industrial customers which the companies said, "will be the foundation of a new type of simplified fixed-price renewable energy plan for large businesses, adding an innovative dimension to a proven product structure."

NRG said that, "Under the new plan from NRG, customers receive dedicated, locally sourced renewable energy with flexible options that best meet a company’s business, sustainability and procurement needs."

The plan features variable term lengths, the ability to procure up to 100 percent of a customer’s electricity usage from a renewable resource and naming rights to the designated facility.

Cypress Creek will own and operate the facilities and deliver the electricity generated to NRG and its customers under power purchase agreements.

"NRG’s financial strength and energy industry expertise accelerate speed to market and help manage the risk associated with electricity production, to deliver a comprehensive, easy-to-tailor renewable energy plan to its commercial and industrial customers. By working with Cypress Creek, NRG has designed a solar solution that packages local attributes, cost effectiveness and environmental value into a simple retail product for large businesses," NRG said