
Southern Power, which is the non-utility subsidiary of Southern Co. (NYSE:SO), has an ownership stake in a slew of renewable projects that are now under construction.
Several are scheduled to start commercial operation by the end of 2016. The projects, which were outlined in the company’s April 27 earnings materials, include:
- The 152-MW Grant Wind project in Oklahoma was scheduled to come online in April. It has a 20-year power purchase agreement and will utilize Siemens technology.
- The 147-MW Sandhills solar project in Georgia is expected to come online in the fourth quarter. It has a 25-year power contract with various small utilities and will use First Solar technology.
- The 104-MW Butler solar project in Georgia is expected to come online in the fourth quarter. It has a 30-year power contract with Southern utility Georgia Power and will use First Solar technology.
- The 300-MW Desert Stateline solar project in California should come online in the third quarter. It has a 20-year power contract with Edison International (NYSE:EIX) utility Southern California Edison (SCE). It will use First Solar technology.
- The 205-MW Tranquility solar project in California is slated to come online in the third quarter. It has an 18-year contract with SCE and Shell. It uses tracking technology.
- The 205-MW Garland and Garland-A projects in California have contracts of 15-and-20 years respectively with SCE. They will be brought online in the second half of 2016 and will use tracking technology.
- The 160-MW MW Roserock project in Texas will come online in the fourth quarter. It has a 20-year power contract with Austin Energy.
- The 120-MW East Pecos power project is scheduled to come online in the fourth quarter. It has a 15-year power contract with Austin Energy and will use First Solar thin film technology.
Excluding Grant Wind, those projects amount to 1,240 MW of new renewable energy coming online for the company. Southern Power’s ownership share of those units amounts to 860 MW, according to the company information.