In less than a week Southern Company has announced the acquisition of three large solar farms each in different states. It acquired two solar farms 102 megawatts in size in, one in California, the other in Texas and a third, 74 megawatt solar farm in North Carolina.
The company announced its first purchase of a solar farm last week on July 6 when it bought the 102 megawatt Henrietta Solar Project in Kings County, CA, in its first transaction with SunPower. SunPower began developing the project in May 2015 and it is slated for completion later this year. PG&E will purchase the power from the solar farm under a 20-year power purchase agreement.
"The acquisition of the Henrietta Solar Project underscores Southern Power's leadership in developing renewable energy," said Southern Power President and CEO Buzz Miller. "Through strategic partnerships, including with SunPower, we continue to accelerate our solar generation growth in California.”
That was followed by Southern’s July 7 announcement of the purchase of the 102 megawatt Lamesa Solar Facility near Garland, Texas. It purchased that solar farm from RES America. The farm will serve Garland under a 15-year power purchase agreement. Texas is quickly making strides as a solar leader in certain regions like Austin and San Antonio.
Lsat Friday the company announced its third purchase of a solar farm in the week, the joint purchase of the 74 megawatt Rutherford Farm, which is being developed by Cypress Creek Renewables, in North Carolina. Southern Power partnered with Turner Renewable Energy to purchase that solar farm. It’s the second jointly owned solar project in the state.
"Turner Renewable Energy's trusted partnership with Southern Power continues to advance the development of renewable technologies across the country," said Ted Turner, CEO of Turner Renewable Energy. "We are pleased with our growing relationship and today's acquisition in North Carolina, which further expands the growth of solar energy.”
"The strategic acquisition of the Rutherford Farm is another step in the development of our solar portfolio," said Southern Power President and CEO Buzz Miller. With that purchase the energy company said it had 30 renewable energy projects across the US, which will generate 2.2 gigawatts of electric generation when completed. That portfolio includes solar, wind and biomass projects.Tweet