Southern Power Grows 'Renewable Fleet' Of Assets With 29th Solar Project Acquisition
Portfolio Pulse from Akanksha Bakshi
Southern Co's subsidiary, Southern Power, has acquired its 29th solar project, the Millers Branch Solar Facility, from EDF Renewables. The 200 MW facility, located in Texas, is expandable to 500 MW and is expected to be operational by 4Q25. The facility will sell its electricity and renewable energy credits through a 20-year agreement with Thermo Fisher Scientific. This acquisition increases Southern Power's solar portfolio to over 2,590 MW within its 5,130 MW renewable fleet.
September 21, 2023 | 1:58 pm
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POSITIVE IMPACT
Southern Co's acquisition of the Millers Branch Solar Facility strengthens its renewable energy portfolio and aligns with its strategic focus on long-term contracts and strong credit support.
The acquisition of the Millers Branch Solar Facility by Southern Co's subsidiary, Southern Power, strengthens the company's renewable energy portfolio. This aligns with the company's strategic focus on long-term contracts and strong credit support, which could potentially attract more investors and positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100