SunEdison, a subsidiary of MEMC Electronic Materials Inc. (NYSE: WFR), on Sept. 28 said it sold its 30 MW Spectrum Solar Project to Southern Co. (NYSE: SO) and Turner Renewable Energy.
Construction of the Spectrum project is expected to begin in October 2012 on a 311-acre site in Clark County, Nev., with commercial operation anticipated during the second quarter of 2013.
SunEdison will also be responsible for ongoing operations and maintenance.
Electricity generated by the Spectrum plant will serve a 25-year power purchase agreement with Nevada Power Co., a subsidiary of NV Energy (NYSE: NVE).
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