Southern Power acquires majority stake in 200MW California project from Recurrent Energy

Facebook
Twitter
LinkedIn
Reddit
Email
Recurrent Energy's Bruceville 2 solar park. Credit: Recurrent Energy

Southern Power, a subsidiary of Southern Company, has acquired a 51% stake in the 200MW Garland PV project in California by signing an agreement with Canadian Solar subsidiary Recurrent Energy.

Canadian Solar will retain 49% of the ownership and provide its share of the investment required to complete the project. This has been financed through a construction and back-leveraged loan facility with a syndicate of five banks.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The project, located across roughly 809 hectares in Kern County, is being developed by Recurrent Energy and is currently under construction.

The plant will mainly use Canadian Solar CS6X-P solar modules mounted on single-axis tracking tables.

The facility is expected to enter commercial operation in Q4 of 2016. Signal Energy Constructors is providing engineering, procurement and construction services and the Garland project is expected to create more than 300 construction jobs.

Electricity and associated renewable energy credits (RECs) generated by the project will be sold to Southern California Edison (SCE) under long-term power purchase agreements (PPAs).

This is Recurrent Energy's third venture with Southern Power, which also holds a controlling interest in the 200MW Tranquillity solar facility in California and the 157MW Roserock plant in Texas. 

Shawn Qu, chairman and chief executive of Canadian Solar, said: “With this agreement, Recurrent Energy and Southern Power are partnering to bring more than half a gigawatt of solar power online by the end of 2016. Southern Power's commitment to renewables underscores the important role of solar and is a clear indicator that our large-scale solar facilities are attractive assets.” 

21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

Read Next

September 4, 2025
India’s Goods and Services Tax (GST) Council, the joint forum of the Centre and States, has reduced the GST rate on renewable energy components from 12% to 5%. 
September 4, 2025
Gavin Newsom has signed an executive order to accelerate the permitting of energy generation projects that could be set to lose IRA support.
September 1, 2025
California's solar and storage association has called for US$10 million fines for PG&E and SCE for failing to approve residential solar and storage projects applications quickly.
August 22, 2025
AEMO has predicted the NEM will see a steady rise in renewable energy generation capacity, reaching 229TWh by 2035.
August 21, 2025
Canadian Solar shipped 7.9GW of modules in the second quarter of this year, a 14% quarter-on-quarter increase.
August 20, 2025
New South Wales, Australia's most coal-dependent state, will transition from 40% to 90% renewable energy by 2035, according to grid operator Transgrid's latest planning report.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines