CONSOLIDATION IN SUN
NRG Energy Acquires Solar Developer Solar Power Partners, an Industry Leader in the
Fast Emerging Area of Distributed Solar Generation
November 21, 2011 (NRG Energy)
"NRG Energy, Inc. (NYSE: NRG) has acquired…Solar Power Partners, a leading developer of commercial and industrial (C&I) distributed solar projects.
"In addition to 30 megawatts (MW) of distributed solar projects in operation or under construction, NRG also will secure development rights to Solar Power Partners’ extensive pipeline of development projects in California, Hawaii, Arizona, Connecticut, New Mexico, Massachusetts, New Jersey, Ontario and Puerto Rico. SPP sites include grocery stores, hospitals, universities, office buildings, municipal buildings, schools and airports…"
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"Solar Power Partners will become an integral part of NRG Solar, an NRG subsidiary. The company has completed almost 50 commercial solar facilities and brings a team with deep experience developing, financing and operating projects. Solar Power Partners also specializes in creating long-term partnerships with customers to tailor each solar system to meet specific needs…
"NRG is…[a] Fortune 500 company…[and] one of the largest solar power developers in the country…NRG Solar LLC, a subsidiary of NRG, has more than 2,000 MW of photovoltaic and solar thermal projects under development or in construction across the southwestern United States…"
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