Southern Power Acquires 120 MW Texas Solar Project

Posted by Joseph Bebon on March 07, 2016 No Comments
Categories : Projects & Contracts

Southern Power, a subsidiary of Southern Co., has acquired its second Texas solar project and its 35th generating facility overall: the 120 MW East Pecos Solar Facility.

Located on approximately 1,000 acres in Pecos County, the project is expected to consist of about 1.2 million of First Solar’s thin-film photovoltaic solar modules mounted on single-axis tracking tables. First Solar is building and will operate and maintain the facility. Construction began in February, and the facility is expected to reach commercial operation in the fourth quarter of this year.

The electricity and associated renewable energy credits (RECs) generated by the facility will be sold under a 15-year power purchase agreement with Austin Energy, which will have the option to keep or sell the RECs.

“Southern Power’s acquisition of the East Pecos Solar Facility underscores the company’s commitment to strategically develop renewables across America,” says Southern Co. Chairman, President and CEO Thomas A. Fanning. “This project aligns with its conservative business model as Southern Power has built one of the nation’s largest renewable energy portfolios.”

On Nov. 30, 2015, Southern Power announced the acquisition of a controlling interest in its first Texas solar project: the 157 MW Roserock Solar Facility.

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