ATLANTA, Sept. 26, 2016 /PRNewswire/ -- Southern Company
subsidiary Southern Power and Recurrent Energy today announced the
commercial operation of the 200-megawatt (MW) Tranquillity Solar
Facility in California.
"The Tranquillity Solar Facility will help meet the energy needs
of customers now and in the future," said Southern Power President
and CEO Buzz Miller. "Through strategic acquisitions we continue
our solar generation growth, creating one of America's largest
renewable portfolios."
Southern Power has announced, acquired or is constructing more
than 2,400 MW of renewable ownership with 31 solar, wind and
biomass projects, including 11 solar projects in California. In all, the Southern Company
system has added or announced more than 4,000 MW of renewable
energy projects since 2012.
Southern Power is the majority owner of the Tranquillity Solar
Facility. Recurrent Energy, a subsidiary of Canadian Solar Inc.,
owns the remaining interest. Construction of the facility began in
July 2015 on 1,900 acres of land in
Fresno County, California. The
solar power plant is capable of generating enough energy to help
power the needs of approximately 50,000 homes.
"The Tranquillity solar facility is the product of long-term
collaboration with financial partners, local communities and other
stakeholders," said Dr. Shawn Qu,
Chairman and Chief Executive Officer of Canadian Solar. "This
milestone is a testament to our commitment to the communities and
ecosystems where we operate, which is a critical ingredient of our
project development success."
The Tranquillity Solar Facility fits Southern Power's business
strategy of growing its wholesale business through the acquisition
and construction of generating assets substantially covered by
long-term contracts. The electricity and associated renewable
energy credits generated by the facility are being sold under a
15-year power purchase agreement with Southern California
Edison.
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. Southern Power and its subsidiaries own or
have the rights to 41 facilities operating or under construction in
11 states with more than 11,700 MW of generating capacity in
Alabama, California, Florida, Georgia, Maine, Minnesota, Nevada, New
Mexico, North Carolina,
Oklahoma and Texas.
About Recurrent Energy
Recurrent Energy, a subsidiary of Canadian Solar Inc., is
redefining what it means to be a mainstream clean energy company,
with utility-scale solar plants that provide competitive clean
electricity. The company has more than 4 GW of solar projects in
development in North America.
Additional details are available
at: www.recurrentenergy.com
About Canadian Solar Inc.
Founded in 2001 in Canada,
Canadian Solar is one of the world's largest and foremost solar
power companies. As a leading manufacturer of solar photovoltaic
modules and provider of solar energy solutions, Canadian Solar also
has a geographically diversified pipeline of utility-scale power
projects in various stages of development. In the past 14 years,
Canadian Solar has successfully delivered over 16 GW of premium
quality modules to over 90 countries around the world. Furthermore,
Canadian Solar is one of the most bankable companies in the solar
industry, having been publicly listed on NASDAQ since 2006. For
additional information about the company, visit the Company's
website or follow Canadian Solar on LinkedIn.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company,
with 44,000 megawatts of generating capacity and 1,500 billion
cubic feet of combined natural gas consumption and throughput
volume serving 9 million electric and gas utility customers through
its subsidiaries. The company provides clean, safe, reliable and
affordable energy through electric utilities in four states,
natural gas distribution utilities in seven states, a competitive
generation company serving wholesale customers across America and a
nationally recognized provider of customized energy solutions, as
well as fiber optics and wireless communications. Southern Company
brands are known for excellent customer service, high reliability
and affordable prices that are below the national average. Through
an industry-leading commitment to innovation, Southern Company and
its subsidiaries are inventing America's energy future by
developing the full portfolio of energy resources, including
carbon-free nuclear, 21st century coal, natural gas,
renewables and energy efficiency, and creating new products and
services for the benefit of customers. Southern Company has
been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer,
recognized among the Top 50 Companies for Diversity by
DiversityInc, listed by Black Enterprise magazine as one of the 40
Best Companies for Diversity and designated a Top Employer for
Hispanics by Hispanic Network. The company has earned a National
Award of Nuclear Science and History from the National Atomic
Museum Foundation for its leadership and commitment to nuclear
development and is continually ranked among the top utilities in
Fortune's annual World's Most Admired Electric and Gas
Utility rankings. Visit our website at
www.southerncompany.com.
Certain information contained in this release is
forward-looking information based on current expectations and plans
that involve risks and uncertainties. Forward-looking
information includes, among other things, statements concerning
Southern Power's strategic plans and the benefits of the
Tranquillity Solar Facility. Southern Company and Southern
Power caution that there are certain factors that can cause actual
results to differ materially from the forward-looking information
that has been provided. The reader is cautioned not to put
undue reliance on this forward-looking information, which is not a
guarantee of future performance and is subject to a number of
uncertainties and other factors, many of which are outside the
control of Southern Company and Southern Power; accordingly, there
can be no assurance that such suggested results will be
realized. The following factors, in addition to those
discussed in each of Southern Company's and Southern Power's Annual
Reports on Form 10-K for the year ended December 31, 2015, and subsequent securities
filings, could cause actual results to differ materially from
management expectations as suggested by such forward-looking
information: the ability to control costs and avoid cost overruns
during the development and construction of generating facilities,
to construct facilities in accordance with the requirements of
permits and licenses, and to satisfy any operational and
environmental performance standards, including the requirements of
tax credits and other incentives and potential business strategies,
including acquisitions or dispositions of assets or businesses,
which cannot be assured to be completed or beneficial to Southern
Company or Southern Power. Southern Company and Southern
Power expressly disclaim any obligation to update any
forward-looking information.
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SOURCE Southern Company