NRG Energy has sold its minority ownership interest in the 900MW Schkopau power plant located near Halle, Germany.
The stake has been acquired by the EP Energy group, a Czech Republic-based coal mining and electricity company, for €141m.
David Crane president of NRG Energy, said Schkopau has been a solid performer in its conventional fleet for many years.
"Given NRG’s focus on retail electricity, conventional generation in our core domestic markets, and fast-growing clean energy businesses, we can use the sale of non-core assets like Schkopau to invest in initiatives that leverage our core facilities and operations," he said.
NRG held a 41.9% interest in the coal-fired plant through its wholly owned subsidiary Saale Energie (SEG), and German partner E.ON Kraftwerke.
Kraftwerk Schkopau Betriebsgesellschaft, the plant’s operating company, will retain its 44.4% stake.