On 21 November 2011, NRG Energy announced that it had acquired San Francisco, California-based Solar Power Partners (SPP). Financial details were not disclosed. SPP develops and installs distributed PV projects on commercial and industrial sites. The company retains ownership of its PV arrays and sells power generated at these installations to site owners through long-term power purchase agreements (PPAs). Key trends in this On Point include: Distributed solar market heating up. SPP provides development experience and commercial focus. Economic and policy environments increasingly favor distributed solar.
On 21 November 2011, NRG Energy announced that it had acquired San Francisco, California-based Solar Power Partners (SPP). Financial details were not disclosed. SPP develops and installs distributed PV projects on commercial and industrial sites. The company retains ownership of its PV arrays and sells power generated at these installations to site owners through long-term power purchase agreements (PPAs). Key trends in this On Point include: