December 17, 2017

NRG Energy Enters South Africa to Offer Renewable and Distributed Energy Solutions for Businesses

  NRG Energy, Inc. (NYSE: NRG), a leading provider of diverse conventional, distributed and renewable energy solutions in the United States, through its subsidiary NRG Renew, announces its entry into the South African market. The new effort will be led by South African local Grant Pattison, a former CEO of Walmart-owned Massmart Holdings.

NRG Energy is a Fortune 250 company and the largest independent power producer (IPP) in the U.S., with an installed base of more than 52 gigawatts (GW) of power, with 4.2 GW[1] from renewable sources, and annual revenues of $11 billion. An area of increasing focus for NRG, acting through NRG Renew, has been to partner with major multinational corporations, assisting them in meeting their sustainability objectives while enhancing their resilience to grid disruptions through onsite clean energy systems.

The long-term aim of NRG and NRG Renew is to work with business customers – both international and local – to deliver world-class distributed and micro-grid power solutions for their businesses. NRG will leverage the strength of NRG Renew’s technical, operational and financial skills and resources to develop and commercialise the IPP power purchase agreement (PPA) market in South Africa.

As Executive Chairman of the South African business, Pattison will be responsible for leading the formation of the business and developing market strategies. His previous responsibilities running one of South Africa’s largest C&I companies, coupled with his Heavy Current Electrical Engineering (Hons) degree from the University of Cape Town, position him well to bridge the power and C&I industries.

Pattison explains, “NRG has an established history in the U.S. providing conventional and alternative power solutions for all energy consumers, ranging from some of the world’s largest solar and wind deployments to distributed-generation projects at hotels, hospitals, commercial and industrial buildings, stadiums and universities. The introduction of NRG into South Africa will offer businesses and consumers an independent and dependable renewable energy source that, when combined with other technologies, can provide a consistent and uninterrupted supply of energy.”

“Africa is a continent rich in both solar resources and in opportunity for distributed generation solutions and the needs and interest of the South African business community in grid resilient clean energy solutions is compelling,” said Tom Doyle, president of NRG Renew. “We are pleased to be open for business in South Africa under the leadership of a seasoned and successful South African business executive like Grant Pattison.”

[1] Before non-controlling interests

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