Southern Co. acquires 3 renewable energy projects

[private]The Southern Co. has acquired Passadumkeag Windpark in Penobscot County, Maine from an affiliate of Quantum Utility Generation.

The wind-power generation facility, which can produce about 43 megawatts (MW) of electricity, was acquired by Southern Power, a subsidiary of Southern Co., and is the Atlanta-based company’s first renewable power project in Maine.

The facility includes 13 wind turbines and is expected to have the capacity to generate enough electricity to power 14,000 average homes.

“Southern Power’s acquisition of Passadumkeag Windpark extends our national presence to 10 states and further solidifies our position as America’s premier wholesale energy partner,” said Southern Power President Buzz Miller.

Most of the electricity and associated renewable energy credits (RECs) generated by Passadumkeag will be sold under a power purchase agreement to Eversource Energy. Southern Power will retain a small percentage of the electricity and credits to either keep or sell.

Southern Power also announced the acquisition of interests in two solar facilities:

  • A controlling interest in the 102-megawatt Henrietta Solar Project in Kings County, California, from SunPower, which will own the remaining interest in the project. Construction began in May 2015, and the project is expected to be fully operational in the third quarter of this year.
  • Its third Texas solar project in less than a year, the 102-megawatt Lamesa Solar Facility, from RES America Developments Inc. (RES). Southern Power will sell the electricity and renewable energy credits under a 15-year power purchase agreement to the city of Garland.

© 2016 by The Georgia Report


Tags: renewable energy , Southern Co. , Southern Power