U.K., Jan. 13 -- US-based independent power producers Novatus Energy and Southwest Generation have merged to create Onward Energy.
The new entity will own 43 wind, solar, and natural gas generating projects across 16 states, and will be "ideally situated to help customers address the US energy market's transition to lower carbon".
"Combining these companies positions us to be a leader in the energy transition," said John Foster, CEO of Southwest Generation, who will serve as Executive Chairman of the merged entity. "With an array of zero-carbon renewable resources and flexible natural gas generation capabilities, the new company will be able to offer a full range of energy solutions to customers seeking reliable ways to reduce their carb...