Southern Power developing 1,000MW of renewable energy with North Star solar acquisition

 Southern Power developing 1,000MW of renewable energy with North Star solar acquisition

Southern Co. (NYSE: SO) subsidiary Southern Power has surpassed 1,000-MW of renewable energy development with the acquisition of controlling interest in the 60-MW North Star Solar Facility in California from First Solar (Nasdaq: FSLR). The remaining interest will be owned by an affiliate of First Solar. Additionally, First Solar will build, operate and maintain the facility.

The North Star Solar Facility will be located on 626 acres in Fresno County, and will feature approximately 750,000 thin-film photovoltaic (PV) solar modules. Electricity and renewable energy credits generated by the facility will be sold under a 20-year power purchase agreement with Pacific Gas and Electric Co. (PG&E, NYSE: PCG).

Southern Power's renewable energy portfolio - either in operation or under development - was assembled through the development of 15 solar, wind and biomass projects across the U.S., including five California solar projects.

The project is expected to enter commercial operations in June.

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