Southern Power Boosts Its Solar Portfolio With 150 MW Acquisition

Posted by SI Staff on October 23, 2014 No Comments
Categories : Projects & Contracts

Southern Power, a Southern Co. subsidiary, has acquired the 150 MW Solar Gen 2 solar facility in California from First Solar Inc. Solar Gen 2 represents the largest solar project in Southern Power's portfolio to date.

The project spans three 50 MW sites in Imperial County, Calif. It will consist of more than 1 million thin-film PV solar modules mounted on single-axis tracking tables manufactured by First Solar.

First Solar is also building and will operate and maintain Solar Gen 2. Construction of the project began in 2013, with completion expected in the fourth quarter of this year. Electricity generated by the plant is contracted to serve a 25-year power purchase agreement with San Diego Gas & Electric.

‘We value the strong, successful track record we have with Southern Power,’ says First Solar CEO Jim Hughes. ‘We're pleased to continue that relationship with Solar Gen 2, and we look forward to further opportunities to work together.’

Southern Power, a wholesale energy provider, will initially own 100% of the project, with First Solar agreeing to acquire a minority interest subject to certain terms and upon fulfillment of certain conditions.

Southern Power previously acquired seven solar facilities with Turner Renewable Energy, with Southern Power's ownership of the facilities totaling 262 MW. The acquisition of Solar Gen 2 is expected to increase the total Southern Power-owned solar capacity to 338 MW.

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