![]() ![]() The context for this announcement is a bit of a bid, with shares acting well over the past five days, up about 3% in that timeframe. ![]() The New Notes are being issued under NRG’s Sustainability-Linked Bond Framework, which sets out certain sustainability targets, including reducing greenhouse gas emissions.Īccording to its release, NRG intends to use the net proceeds from the offering, together with cash on hand and borrowings under one or more of its liquidity facilities, to repurchase, pursuant to NRG’s concurrent exercise of its optional redemption rights, (i) all of the $1.0 billion outstanding aggregate principal amount of its 7.25% senior notes due 2026 (the “2026 Notes”) and (ii) $355 million of the $1.23 billion outstanding aggregate principal amount of its 6.625% senior notes due 2027 (the “2027 Notes”), and to pay fees and expenses incurred in connection with the repurchase of the 2026 Notes and 2027 Notes. The New Notes will be senior unsecured obligations of NRG and will be guaranteed by each of NRG’s current and future subsidiaries that guarantee indebtedness under NRG’s credit agreement. NRG Energy Inc (NYSE:NRG) recently announced has priced its offering of $1.1 billion in aggregate principal amount of 3.875% senior notes due 2032. The Corporate segment includes residential solar and electric vehicle services. The Retail segment includes mass customers and business solutions, and other distributed and reliability products. The Generation segment includes all power plant activities, domestic and international, as well as renewables. It operates through the following segments: Generation, Retail, and Corporate. NRG engages in the production, sale, and distribution of energy and energy services. ![]() Based in Houston, NRG’s CCS system uses or sequesters as much as 1.6 million tons of CO2 each year. NRG Energy Inc (NYSE:NRG) is a good place to start. ![]() This has major implications for a number of stocks that active market participants may want to have on the radar. It is being echoed by OECD governments around the world, which suggests a massive total addressable market in the making. There are already nearly a dozen oil and gas companies reportedly pursuing rights to store carbon dioxide in Alberta’s massive underground caverns.Īccording to an article from GlobalNews.Ca, these new carbon capture hubs would be fed from clusters of carbon emission sources helping to advance Prime Minister Justin Trudeau’s goal of cutting emissions by 40-45 percent from 2005 levels by 2030.Īccording to the article, “the global oil industry is betting heavily that carbon capture utilization and storage (CCUS) can become a multi-billion-dollar global business with government and private investment.” This is not just a Canadian theme. This emerging trend got a jolt of energy with news out this week sourced from a Canadian federal government document that Canada is pushing to provide incentives for at least two gigantic new carbon capture projects by 2030. But it’s only recently finding purchase as a phenomenon ready to be funded at scale by major governments and private industrial players. It’s not a new idea in terms of climate change management technologies. Word to the wise: be on the lookout for these keywords attached to stocks. News out this week from Canada points to the emergence of a super-trend in its very early innings that could direct hundreds of billions of dollars in growth over coming years for companies positioned to take advantage: Carbon Capture Sequestration, Storage, and Utilization, or CCSSU, or CCUS, or CCS, or just Carbon Capture. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |