Southern Co. (NYSE: SO) has announced the acquisition of the company's first solar installation in North Carolina – the 2.5 MW Granville Solar Facility – by subsidiary Southern Power and Turner Renewable Energy. The project represents the partnership's fourth joint solar acquisition.
The Granville Solar Facility is located on a 40-acre site in Granville County, N.C., near Oxford. It is being built and will be operated and maintained by SunEdison, a leading global provider of solar energy services and a subsidiary of MEMC Electronic Materials (NYSE: WFR). Construction is under way and the facility is expected to enter commercial operation later in October.
Ted Turner, owner of Turner Renewable Energy, teamed with a Southern Co. subsidiary in January 2010 to strategically develop renewable energy projects in the United States.
The partnership's first project was the acquisition and development of the 30 MW Cimarron Solar Facility near Raton, N.M. The partnership has since purchased the 20 MW Apex Solar Facility and the 30 MW Spectrum Solar Facility, both of which are located in Clark County, Nev.