Market Overview

Southern Power And Turner Renewable Energy Announce Joint Acquisition Of A 20-Megawatt Solar Facility


Southern Power, a subsidiary of Southern Co (NYSE: SO), announced on Monday it has teamed up with Turner Renewable Energy to jointly acquire the 20-megawatt (MW) Calipatria Solar Facility from Solar Frontier Americas.

The acquisition represents Southern Power's 10th solar facility in California and its 25th renewable energy facility overall. The company noted that it has added or announced more than 3,800 MW of renewable energy projects since 2012.

Southern Power and Ted Turner's Turner Renewable Energy have a history that dates back six years. The two companies former a strategic alliance to pursue the development of renewable energy projects throughout the US.

"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."

"The acquisition of the Calipatria Solar Facility is an important effort to further develop clean, renewable energy through this outstanding partnership," said Turner. "We are pleased to continue growing the solar portfolio in collaboration with Southern Company."

Southern Co's stock showed no trades early Tuesday morning.

Posted-In: solar energy Solar Frontier Americas Solar Power Southern Power Turner Renewable Energy.News


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