NRG Energy (NRG) has entered into a definitive agreement to acquire six power generation facilities from Texas-based Rockland Capital, adding 738 Megawatts of modern, flexible natural gas-fired capacity to its portfolio. The acquisition includes one combined-cycle unit and five peaker units. NRG is acquiring these assets for $560M or $760 per kW. The acquisition is earnings-accretive and will be primarily funded through corporate debt, with no impact on the company’s stated capital allocation plan. The acquisition is subject to Hart-Scott-Rodino regulatory approval and is expected to close in the second quarter of 2025.
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