Southern Power Acquires South Cheyenne Solar Facility; Construction Is Underway, And Project Is Expected To Achieve Commercial Operation In Q1 Of 2024; Construction Is Underway, And Project Is Expected To Achieve Commercial Operation In Q1 Of 2024
Portfolio Pulse from Benzinga Newsdesk
Southern Power, a subsidiary of Southern Company, has acquired its 30th solar project, the 150-megawatt South Cheyenne Solar Facility, from Qcells USA Corp. The project, located in Wyoming, is Southern Power's first solar facility in the state. Construction is underway and the project is expected to be operational in Q1 2024. The electricity and associated renewable energy credits generated by the facility will be sold under a 20-year power purchase agreement.
September 25, 2023 | 7:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Southern Company's subsidiary, Southern Power, has acquired a new solar project, which is expected to enhance its renewable energy portfolio and contribute to its growth strategy.
The acquisition of the South Cheyenne Solar Facility by Southern Power, a subsidiary of Southern Company, is a positive development for the company. It not only expands their renewable energy portfolio but also aligns with their business strategy of acquiring and developing generating assets covered by long-term contracts. This could potentially increase their revenue in the long term, hence the positive score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100