NRG Energy, SunPower energize first phase of California Valley Solar Ranch

Princeton, N.J. and San Jose, Calif., October 24, 2012 — NRG Energy and SunPower Corp. energized the first 22 MW of the 250 MW California Valley Solar Ranch being delivered to the electrical grid.

The project is a central-station photovoltaic solar plant. It has created about 350 jobs since construction started in September 2011, and is expected to inject $315 million into the local economy over its two-year construction period. NRG completed the acquisition of CVSR on September 30, 2011.

Once completed, CVSR will power a yearly average of 100,000 homes with renewable solar energy, while protecting and conserving more than 12,000 acres of land in and around the Carrizo Plain in southeastern San Luis Obispo County, about 100 miles northwest of Los Angeles. Electricity from CVSR is being sold to PG&E through 25-year power purchase agreements.

NRG is the sole owner of the project, which is expected to be fully online by December 2013. SunPower designed the project, and is working with Bechtel to provide balance of plant engineering and procurement services and construction services. Once completed, NRG and SunPower will jointly operate and maintain CVSR for two years, after which NRG assumes sole responsibility.

NRG has four large-scale solar plants fully or partially operational and three other projects currently under construction across California, Arizona and New Mexico, plus several distributed solar projects at locations across the country. In the U.S., about 190 MW of large-scale SunPower plants are operating, with more than 1,000 MW under contract.

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