In an interview with Engadgets, Solar Energy Corporation of America CEO and founder, Rick Jorgensen, explained that he would like to acquire a major solar power company in the United States, but that it will take some time.
He did not specify the size of the acquisition.
He said he had been in talks with several companies about entering into a strategic acquisition.
Solar Power America, which is owned by the solar power utility Sunrun, is one of the world’s largest solar power companies.
Jorgenson told Engadges that the company was also considering purchasing a “solar storage” business in order to generate energy from solar panels and to provide backup power for customers who may be out of power.
The Solar Power Company is a small company that operates a number of facilities, including the company’s first solar farm in Arizona.
SolarPower America is owned jointly by Jorgens family and by a private equity firm.
“It’s hard to think of a company more focused on the long-term sustainability of the technology and its capacity to meet future demands than SolarPower,” Jorgsens statement read.
The solar power giant’s shares are up around 13 percent this year.
SolarEnergy Corporation of the United Kingdom has already acquired the company, according to the New York Times.