Southern Power Selling 1.7 GW Of U.S. Solar
Solar Industry Mag | May 23, 2018
Southern Power, a wholesale energy provider and subsidiary of Southern Co., has entered into an agreement to sell a 33% minority interest in its solar portfolio to Global Atlantic Financial Group Ltd. for a purchase price of $1.175 billion. The portfolio of projects involved in this transaction comprises 26 operating solar facilities representing approximately 1.7 GW of capacity. The energy from these facilities is sold under long-term contracts with customers across the country, according to Southern Power.