Southern Company Acquires 20-MW Adobe Solar Facility in California

Southern Company subsidiary Southern Power, in partnership with Turner Renewable Energy, has announced the official acquisition of the partnership’s second California solar installation. The agreement to acquire the Adobe Solar Facility, a 20-MW solar PV installation in Kern County, Calif., was closed upon successful completion of construction. The facility represents the partnership’s sixth solar project and is expected to begin commercial operation in May. The partnership’s first solar facility in California — the 139-MW Campo Verde Solar Facility — entered service in October 2013.

southern“Southern Company is committed to pursuing renewables to help build America’s energy future, and solar is an important component of that effort,” said Southern Company Chairman, President and CEO Thomas A. Fanning. “The acquisition of the Adobe Solar Facility – our second solar installation in California – builds on our development of the full portfolio of energy resources for the benefit of customers.”

The Adobe Solar Facility was built and will be operated and maintained by SunEdison, a leading global solar technology manufacturer and provider of solar technology and solar energy services. Construction of the project began in the fall of 2013, and an agreement to acquire the facility was announced in November 2013.

Ted Turner, owner of Turner Renewable Energy, teamed with Southern Company through a subsidiary in January 2010 to form a strategic alliance to pursue development of renewable energy projects in the United States. The partnership has primarily focused on developing and investing in solar PV projects where solar resources are most favorable.

The Adobe Solar Facility is located on a 160-acre site in Kern County, Calif. Electricity generated by the plant will serve a 20-year power purchase agreement with Southern California Edison, a subsidiary of Edison International. Headquartered in Rosemead, Calif., Edison International, through its subsidiaries, is a distributor and generator of electric power, including renewable energy.

The acquisition fits Southern Power’s strategy of growing the wholesale business in targeted markets by acquiring generating assets and building new units, the output of which is significantly covered by long-term contracts.

— Solar Builder magazine

[source: http://solarbuildermag.com/news/southern-company-acquires-20-mw-adobe-solar-facility-california/]

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