Southern Power has completed the issuance of $1 billion in green bonds.
An amount equal to the net proceeds of the green bonds will be allocated to eligible renewable energy projects, including solar and wind generating facilities located in the U.S.
Southern Power has assembled its green energy portfolio through the development or acquisition of 21 solar and wind projects in the U.S., representing approximately 1,550 MW of capacity owned, under development or under contract. In all, the utility's Southern Co. parent has added or announced more than 3,600 MW of renewable projects since 2012.
‘These green bonds are further evidence of our commitment to renewables as part of a diverse generation portfolio and underscore our focus on creating America's energy future,’ says Thomas A. Fanning, chairman, president and CEO of Southern Co.
