Southern Power acquires Beech Ridge II Wind Facility

published: 2020-05-28 4:00 | editor: | category: News

Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the acquisition of its 13th wind project — the 56-megawatt (MW) Beech Ridge II Wind Facility — from Invenergy, a leading developer, owner and operator of sustainable energy solutions.

Image by Free-Photos from Pixabay

"We are pleased to announce the acquisition of our 13th wind project," said Southern Power CEO Mark Lantrip. "This project marks Southern Power's first renewable asset in the Mid-Atlantic region, and it is an important step in the continued growth of Southern Power's wind portfolio."

Located in Greenbrier County, West Virginia, Beech Ridge II was developed by Invenergy and utilizes 20 wind turbines manufactured by GE Renewable Energy. The project achieved commercial operation May 1, 2020.

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 2,100 MW of wind generation. Southern Power's wind facilities are a part of the company's 4,510-MW renewable fleet, which consists of 41 solar and wind facilities operating or under construction.

This project aligns with Southern Company's strategy to provide a more sustainable future by investing in clean energy solutions. Southern Company was one of the first U.S. energy companies to set a long-term goal of low- to no-carbon operations by 2050.

About Southern Power

Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. 

About Southern Company

Southern Company (NYSE: SO) is a leading energy company serving 9 million 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. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average.  To learn more, visit www.southerncompany.com.

 

View the source version on PR Newswire:
https://www.prnewswire.com/news-releases/southern-power-acquires-beech-ridge-ii-wind-facility-301063439.html

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