ATLANTA, April 20, 2021 /PRNewswire/ -- Southern
Power, a leading U.S. wholesale energy provider and subsidiary of
Southern Company, today announced the acquisition of its 15th wind
project — the 118-megawatt (MW) Glass Sands Wind Facility — from
Steelhead Americas, Vestas' development arm in North America.
"We are proud to announce this new addition to our generation
portfolio," said Southern Power President Bill Grantham. "Glass Sands is a great project
for Southern Power as we continue to provide clean renewable energy
resources to meet the needs of our customers."
The project, located in Murray County,
Oklahoma, is Southern Power's fifth wind facility in the
state and contributes to the company's growing fleet of clean
energy resources from California
to Maine. Glass Sands was
developed by Steelhead Americas and is expected to utilize 28 wind
turbines manufactured by Vestas. Construction, executed by
Mortensen, is underway, and the project is expected to achieve
commercial operation in the fourth quarter of this year.
Once operational, the electricity and associated renewable
energy credits generated by the facility will be sold under a power
purchase agreement with Amazon.
With the addition of Glass Sands, Southern Power's wind
portfolio consists of more than 2,533 MW of wind generation.
Southern Power's wind facilities are a part of the company's
4,928-MW renewable fleet, which consists of 43 solar and wind
facilities operating or under construction.
This project aligns with Southern Power's overall business
strategy of strengthening its wholesale business by acquiring and
developing generating assets that are covered by long-term
contracts with counterparties with strong credit support.
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, some of which are owned in
part with various partners, own or operate 54 facilities operating
or under development in 14 states with more than 12,498 MW of
generating capacity in Alabama,
California, Delaware, Georgia, Kansas, Maine, Nevada, New
Mexico, North Carolina,
Oklahoma, South Dakota, Texas, Washington and West
Virginia.
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. For
more than a century, we have been building the future of energy and
developing the full portfolio of energy resources, including
carbon-free nuclear, advanced carbon capture technologies, natural
gas, renewables, energy efficiency and storage technology. Through
an industry-leading commitment to innovation and a low-carbon
future, Southern Company and its subsidiaries develop the
customized energy solutions our customers and communities require
to drive growth and prosperity. Our uncompromising values ensure we
put the needs of those we serve at the center of everything we do
and govern our business to the benefit of our world. Our corporate
culture and hiring practices have been recognized nationally by the
U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black
Enterprise, Forbes and the Women's Choice Award. To learn more,
visit www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking
Statements:
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 the
construction and subsequent operation of the Glass Sands Wind
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, 2020, 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 and schedule overruns
during the development, construction and operation of facilities,
to construct facilities in accordance with the requirements of
permits and licenses, to satisfy any environmental performance
standards and the requirements of any tax credits and other
incentives, and to integrate facilities into the Southern Company
system upon completion of construction; performance of
counterparties under ongoing renewable energy partnerships and
development agreements; 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; and catastrophic events such as fires, earthquakes,
explosions, floods, tornadoes, hurricanes and other storms,
droughts, pandemic health events, political unrest, or other
similar occurrences. Southern Company and Southern Power expressly
disclaim any obligation to update any forward-looking
information.
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SOURCE Southern Power