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NRG Energy acquires Solar Power Partners

NRG Energy has acquired the developer of commercial and industrial distributed solar projects, Solar Power Partners, for an undisclosed sum.

By Kari Williamson

Through the acquisition, NRG gets 30 MW of distributed solar projects in operation or under development, plus the rights to Solar Power Partners' pipeline of solar development projects in California, Hawaii, Arizona, Connecticut, New Mexico, Massachusetts, New Jersey, Ontario and Puerto Rico.

“With California's goal to install 12,000 MW 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 towards smaller solar projects that connect directly to the grid,” says Tom Doyle, President at NRG Solar.

Solar Power Partners has been highly successful forging partnerships to develop distributed solar projects, and I believe the company will make NRK the leading provider for the increasing number of businesses seeking solar solutions to manage their energy costs.”

Solar Power Partners will become a subsidiary of NRG.

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Policy, investment and markets  •  Solar heating and cooling

 

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