NRG Energy Acquires Distributed Solar Provider Solar Power Partners

NRG Energy, Inc. announced this morning that it has acquired San Francisco-based Solar Power Partners, a developer of commercial and industrial distributed solar projects.

In addition to 30 megawatts 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. Solar Power Partners sites include grocery stores, hospitals, universities, office buildings, municipal buildings, schools and airports.

"With California's goal to install 12,000 megawatts 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, NRG Solar.

Terms were not disclosed in a news release