NRG Energy Inc. has acquired San Francisco-based Solar Power Partners (SPP), a developer of commercial and industrial distributed solar projects.
In addition to 30 MW of distributed solar projects in operation or under construction, NRG also will secure development rights to SPP's pipeline of development projects in California, Hawaii, Arizona, Connecticut, New Mexico, Massachusetts, New Jersey, Ontario and Puerto Rico. SPP's sites include grocery stores, hospitals, universities, office buildings, municipal buildings, schools and airports.
‘We are excited to be joining forces with NRG Solar and believe that our combined platform will allow us to accelerate our growth and to bring more clean solar power to the market,’ says Bob Powell, president and CEO of SPP. Powell will continue with the company as a senior executive in NRG Solar.