Friday, March 2, 2012
David Crane is the Funkin Man
NRG Energy's CEO Discusses Q4 2011 Results - Earnings Call Transcript
"We think over time, I mean, the way we think that the solar space is going to evolve in terms of going from big to small, absolutely everything that's happening in terms of solar economics is supporting that idea. We still have a good portfolio, as I mentioned, of utility scale, solar projects. The size solar projects that we started in the second half of 2011, the 200, 300 megawatts sizes, that's not going to be a part of the future. It's going to get smaller, and the cost of delivering distributed solar, we feel is working its way towards quite quickly $2.50 a watt, which again, it's impossible for anything from a grid parity perspective to compete with gas-fired generation when gas is $2.50 per million BTU. But competing in terms of retail grid parity, which distribute solar, that's the metric for it to compete against, we see solar being able to compete on a basis of retail grid parity in over 20 states within 2 years. So that's why we have to learn to go small with our individual solar project."