Solar Arrays to Provide as Much as 70 Megawatts
of Power for as Many as 170 Sites in California Helping Kaiser
Permanente Reach Its Greenhouse Gas Emissions Reduction Goal Years
Ahead of Schedule
NRG Renew LLC, a wholly owned subsidiary of NRG Energy, Inc.
(NYSE:NRG), the country’s largest independent power producer, has
entered into an agreement with Kaiser Permanente, one of the
nation’s largest not-for-profit healthcare providers, to help
Kaiser Permanente achieve its goal to reduce greenhouse gas
emissions three years ahead of its promised date. Utilizing as much
as 70 megawatts (MW) of on-site solar from NRG Renew, Kaiser
Permanente will achieve the top ranking of on-site installed solar
capacity among U.S. healthcare companies.1
Rendering of NRG Renew Solar Installation
at Kaiser Permanente (Photo:Business Wire)
As part of Kaiser Permanente’s strategy to reduce its greenhouse
gas emissions by 30 percent by 2020 and address the threat of
climate change on human health, NRG Renew will implement a
single-brand, multi-site distributed solar program at as many as
170 sites, which will include medical offices, hospitals, clinics,
data centers and other Kaiser Permanente facilities.
“This massive project underscores Kaiser Permanente’s leadership
position in the healthcare industry, demonstrating the company’s
commitment to improving human health by addressing climate change
while showcasing NRG Renew’s capabilities to execute large,
multifaceted solar projects in partnership with the nation’s
leading companies,” said Tom Doyle, President and CEO of NRG Renew.
“We are proud to partner with Kaiser Permanente and other
forward-thinking companies who are finding unique and successful
ways to lead in the race to a clean energy future.”
Kaiser Permanente’s Chief Energy Officer, Ramé Hemstreet, said
that as a healthcare provider, Kaiser Permanente feels especially
obligated to reduce its environmental footprint. “Replacing fossil
fuels with renewable energy sources over time is one of the most
impactful actions we can take to address the effects of climate
change on health.”
Solar photovoltaic arrays will be constructed and integrated
primarily on carports and parking structures, providing welcome
shade from the California sun to more than 20,000 parking spots
used by Kaiser Permanente members, visitors and employees. The
planned aggregate coverage area will make the NRG Renew–Kaiser
Permanente portfolio one of the world’s largest solar projects
built primarily for vehicle parking. Utilizing parking structures
to harness solar energy is important because in a typical city,
pavements account for 35 percent to 50 percent of surface area, of
which about 40 percent are exposed parking lots, according to
research by the Lawrence Berkeley National Laboratory.
Once all projects are complete, Kaiser Permanente’s total
installed on-site solar capacity will place it among the top three
on-site commercial solar portfolios among all U.S. companies.1
Helping businesses and consumers effectively achieve their
sustainability goals today is a key tenet in NRG’s own
sustainability goals and contributes to NRG’s vision for a clean
energy future.
Electricity generated by the solar installations will be sold to
Kaiser Permanente under a long-term power purchase agreement,
offsetting each facility’s use of grid power and increasing the
total use of clean, emission-free electricity. The combined
installations are expected to offset 6 percent to 8 percent of
Kaiser Permanente’s load throughout the state.
Renewable initiatives like the NRG Renew–Kaiser Permanente
project, which generate their own on-site clean energy, will also
help contribute to California’s recently announced goal of 50
percent renewable energy by 2030.
National commercial real estate investment management company
Jones Lang LaSalle was engaged as Kaiser Permanente’s client
advocate for the project.
In the past 12 months, NRG and NRG Renew announced partnerships
with several leading companies, such as Unilever, to develop clean energy solutions. In addition,
the company has solar projects that are recently completed or under
construction at MGM Resorts International, Starwood Hotels &
Resorts Worldwide, Inc., Levi’s Stadium and the AmericanAirlines
Arena home of the Miami HEAT, along
with community solar projects in California, Colorado and Vermont.
About NRG Renew
NRG Renew, a subsidiary of NRG Energy, Inc., owns or has partial
investment in more than 150 renewable energy projects totaling
approximately 4,500 gross MWac of solar and wind capacity in
operation throughout North America. More information is available
at http://www.nrg.com/renew.
About NRG
NRG is leading customer-driven change in the U.S. energy
industry by delivering cleaner and smarter energy choices, while
building on the strength of the nation’s largest and most diverse
competitive power portfolio. A Fortune 250 company, we create value
through reliable and efficient conventional generation while
driving innovation in solar and renewable power, electric vehicle
ecosystems, carbon capture technology and customer-centric energy
solutions. Our retail electricity providers serve almost 3 million
residential and commercial customers throughout the country. More
information is available at www.nrg.com. Connect with NRG
Energy on Facebook and follow us on Twitter @nrgenergy
and @NRGMedia.
NRG Safe Harbor Disclosure
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such forward-looking
statements are subject to certain risks, uncertainties and
assumptions and include NRG’s expectations regarding the Company’s
Kaiser Permanente solar projects and forward-looking statements
typically can be identified by the use of words such as “will,”
“expect,” “believe,” and similar terms. Although NRG believes that
its expectations are reasonable, it can give no assurance that
these expectations will prove to have been correct, and actual
results may vary materially. Factors that could cause actual
results to differ materially from those contemplated above include,
among others, general economic conditions, hazards customary in the
power industry, competition in wholesale power markets, the
volatility of energy and fuel prices, failure of customers to
perform under contracts, changes in the wholesale power markets,
changes in government regulation of markets and of environmental
emissions, and our ability to achieve the expected benefits and
timing of our solar projects. NRG undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. The
foregoing review of factors that could cause NRG’s actual results
to differ materially from those contemplated in the forward-looking
statements included in this news release should be considered in
connection with information regarding risks and uncertainties that
may affect NRG’s future results included in NRG’s filings with the
Securities and Exchange Commission at www.sec.gov.
1 “Solar Means Business 2014: Top U.S. Commercial Solar Users,”
Solar Energy Industries Association (SEIA).
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150218005107/en/
NRG Renew LLCMedia:Karen Cleeve,
609-524-4608orInvestors:Chad Plotkin, 609-524-4526orLindsey
Puchyr, 609-524-4527
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