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The deal comes as the Houston-based power generator seeks to streamline its operations and pay down debt.
While Texas currently has very little solar power generation, there are several projects currently in development.
NRG President and CEO David Crane bemoaned the “unabated selloff in our stock” earlier in November.
Chicago-based Invenergy will build a new 300-megawatt Texas wind farm near Lubbock to power Owens Corning insulation and fiberglass giant and Equinix data center company.
The $60 million deal will help boost Direct’s offering to help businesses and industrial plants better manage and monitor their energy usage.
San Francisco-based Pattern Energy, which has its control center and offices in Houston, represents one of the more active players in the Texas wind power surge that has made the Lone Star state the nation’s leader in wind generation.
The failure of the ring fence — the one created in 2007 — would have created uncertainty and instability with Oncor.
SunEdison quickly grew into the world’s largest renewable energy developer and is building a handful of solar and wind farms in West Texas and the Panhandle.
Houston-based Clean Line Energy is hoping to move forward next year with its $2.5 billion, 700-mile Plains & Eastern Clean Line transmission project to build power lines through Oklahoma, Arkansas and Tennessee to deliver 4,000 megawatts of wind power from the Oklahoma Panhandle area.
Houston-based Calpine, Austin Energy, PG&E, Seattle City Light and London-based National Grid, which has a sizable U.S. presence, all filed the court motion together.