SunEdison sells 20 MW Apex solar project

SunEdison has sold its Apex Solar Project, a 20 MW solar photovoltaic (PV) power plant to Southern Co. (NYSE: SO) and Turner Renewable Energy. SunEdison began building the facility, which is located on a 154-acre site in the City of North Las Vegas in Clark County, Nev., in October 2011 and expects it to be at full commercial operation in the 2012 third quarter.

This is the first project sale between Southern Co. and SunEdison. SunEdison developed and built the plant and will be responsible for ongoing operations and maintenance.

Electricity generated by the plant will serve a 25-year power purchase agreement with NV Energy (NYSE: NVE).  

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