Market Overview

UPDATE: Southern Co Subsidiary, Turner Renewable Energy Acquire Calipatria Solar Facility in CA; Terms Not Disclosed

Share:

Southern Company subsidiary Southern Power and Turner Renewable Energy today announced the joint acquisition of the 20-megawatt (MW) Calipatria Solar Facility from Solar Frontier Americas. The project represents Southern Power's 10th solar facility in California and its 25th renewable energy facility overall.

"The acquisition of the Calipatria Solar Facility underscores Southern Power's leadership in helping create America's energy future," said Southern Company Chairman, President and CEO Thomas A. Fanning. "Through strategic partnerships, including with Turner Renewable Energy, we are continuing our tremendous growth as a national renewable energy leader."

With more than 1,800 MW of generating capacity ownership, Southern Power assembled its nationally recognized renewable portfolio through the strategic development of 25 solar, wind and biomass projects either in operation or under development across the United States. In all, the Southern Company system has added or announced more than 3,800 MW of renewable energy projects since 2012.

Ted Turner, owner of Turner Renewable Energy, teamed with Southern Company through a subsidiary in January 2010 to form a strategic alliance to pursue the development of renewable energy projects in the United States. The partnership has

See full press release

Posted-In: News M&A Press Releases

 

Related Articles (SO)

View Comments and Join the Discussion!