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Southern Power acquires Beech Ridge II Wind Facility to Grow Wind Portfolio
Friday 22 May 2020

Georgia, US-based wholesale energy provider Southern Power has acquired West Virginia-based Beech Ridge II wind facility, a 56mw facility, from Invenergy, sustainable energy solutions, marking Southern Power's expansion into the Mid-Atlantic region, the company said.

Terms of the transaction were not disclosed.

The electricity and associated renewable energy credits generated by the facility are being sold under a 12-year power purchase agreement. Southern Power will be the majority owner.

Invenergy will retain a minority ownership position, and Invenergy Services, a subsidiary of Invenergy that provides end-to-end energy solutions for asset owners, will operate and maintain the facility.

With the addition of Beech Ridge II, Southern Power's wind portfolio consists of more than 2,100mw of wind generation. Southern Power's wind facilities are a part of the company's 4,510mw renewable fleet, which consists of 41 solar and wind facilities operating or under construction.

Southern Power, a subsidiary of Southern company, provides electricity to municipalities, electric cooperatives, investor-owned utilities and other energy customers.

Southern Power and its subsidiaries, some of which are owned in part with various partners, own or operate 50 facilities operating or under development in 13 states with more than 11,920mw of generating capacity.

Southern Company (NYSE: SO) is an energy company serving 9m customers through its subsidiaries.

The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services.
Date Published: 22/05/2020