Southern Co. Unit Buys Stake in California Solar PV Project

Southern Power buys stake in Garland solar power project in California

Southern Power, a subsidiary of Southern Co. (NYSE: SO) acquired a controlling interest in a 200-MW solar power project in California from Recurrent Energy.

The Garland solar facility is currently under construction. It will use more than 800,000 polycrystalline photovoltaic solar modules mounted on single-axis tracking tables. It is expected to begin commercial operation in fourth quarter 2016. Recurrent Energy will build the facility and retain the remaining interest in the project. Signal Energy Constructors are managing the engineering, procurement and construction of the facility.

Southern Power and Recurrent Energy are now jointly developing three projects expected to generate more than 550 MW of solar power in California and Texas.

The electricity and associated renewable energy credits generated by the plant will be sold under two long-term power purchase agreements with Southern California Edison.

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