Wind Company Expects to Sell Controlling Stake Coal-Burning Utility. By Aaron Nathans, Wind Action, October 31, 2009. "Offshore wind company Bluewater Wind expects to sell controlling interest in the firm, and sources familiar with the plan say it is in serious negotiations with NRG Energy. The deal would give Bluewater immediate financing to keep its projects moving... Such a deal, if culminated, would pair Delaware's most prominent clean energy project with one of the state's most prominent polluters. NRG, based in Princeton, N.J., owns the coal-fired Indian River Power Plant, which long has ranked among the state's major air-pollution sources. A $500 million pollution reduction effort is under way there."
2009-11-07
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