Utility acquires 150 MW First Solar project


Southeastern U.S. electric utility Southern Company has announced the acquisition of First Solar's 150 MW Solar Gen 2 project.

The company yesterday (Thursday) announced the acquisition of the scheme by its subsidiary Southern Power.

Solar Gen 2, which was started last year and is expected to be completed by the end of the year, is a 1,451-acre project spread over three sites in Imperial County, California which will contain more than a million modules supplied by developer First Solar.

While not releasing details of the cost of the acquisition, Southern Company's announcement stated Southern Power would acquire 100% of the project with First Solar subsequently taking a ‘minority interest', subject to conditions.

Power generated by the project will be sold to the San Diego Gas & Electric utility – which serves customers in San Diego and the south of Orange County – under a 25-year PPA.

The acquisition will be the eighth solar asset in Southern Power's portfolio and will take its PV generation capacity up to 441 MW.

California's Renewables Portfolio Standard requires utilities to source 33% of their retail electric power from renewables by 2020.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.