NRG Energy sees offshore wind revenue by 2014

NRG Energy paid about $10 million for Bluewater Wind, an energy company that holds the only power purchase agreement for an offshore wind farm in the U.S., according to an analyst estimate issued on Tuesday. While the purchase price isn’t particularly big, the project carries apparent front-runner status for the U.S.’s first offshore wind farm — a pet topic of the Obama Administration as well as a lucrative target for the financial community to tap into federal tax credits and loan guarantees.