NRG Energy Inc. (NRG), which recently entered into a venture fund with ConocoPhillips (NYSE:COP) and General Electric Co. (NYSE:GE), has been scooping up solar projects from companies like First Solar Inc. (FSLR).
CEO David Crane says he sees demand for large solar projects shrinking over the next several years, and has been on an acquisition spree for those with over 20 megawatts in size and are more centralized before that happens.
NRG's most recent acquisition was a 290 megawatt project from First Solar.
Along with First Solar being an important source of revenue for NRG in the U.S., there's also SunPower Corp. (SPWRA), which its been increasing business with.
Concerning renewable energy generation, Crane said he sees solar having more upside than wind.
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