This Company Won an Auction for Bankrupt SunEdison’s Wind, Solar Projects

September 12, 2016, 7:08 PM ET

Mauricio Gutierrez, President and Chief Executive Officer. Mauricio Gutierrez is President and CEO of NRG. Mauricio joined NRG in 2004 and helped build it from a regional wholesale generation business to a national, Fortune 200 diversified energy company. NRG is the nation's largest competitive power generator. The company is also a major competitive energy retailer that serves nearly 3 million recurring retail customers and is one of the country's largest owners and operators of renewable power facilities.Christopher Walken

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Houston-based NRG Energy (NRG) has won the auction for bankrupt renewable power plant developer SunEdison’s wind and solar projects in Texas and other states with a $144 million bid, according to a court filing.

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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.

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