NRG Energy announced its acquisition of commercial and industrial distributed solar project developer Solar Power Partners. NRG will now have access to 30MW of distributed solar projects in operation or under construction as well as development rights to Solar Power Partner’s development projects in California, Hawaii, Arizona, Connecticut, New Mexico, Massachusetts, New Jersey, Ontario and Puerto Rico.
“With California’s goal to install 12,000MW of distributed generation by 2020, and the increase in smart energy choices American businesses are demanding, this acquisition will place NRG at the head of the pack as the solar industry moves toward smaller solar projects that connect directly to the grid,” said Tom Doyle, president of NRG Solar. “Solar Power Partners has been highly successful forging partnerships to develop distributed solar projects, and I believe the company will make NRG the leading provider for the increasing number of businesses seeking solar solutions to manage their energy costs.”
While no further details about the deal, including its price, were revealed, the companies noted that Bob Powell, Solar Power Partners president and CEO, would continue with the company as a senior executive at NRG Solar.