US utility Southern Company has acquired 99MW of solar projects in the state of Georgia.
Through its subsidiary Southern Power, it has purchased the 80MW Decatur Parkway Solar Project and the 19MW Decatur County Solar Project. Both were sold by renewable energy project developer Tradewind Energy.
The projects were selected through the Georgia Power Advanced Solar Initiative.
“Southern Power's strategic investment in the Decatur solar projects will help meet Georgia's growing energy needs,” said Thomas A. Fanning, chairman, president and CEO, Southern Company. “These projects and others are enhancing Georgia's position as a national leader in renewable energy.”
Georgia Power will purchase the energy from both plants with a 25-year power purchase agreement (PPA) in place for the 80MW site and a 20-year agreement for the 19MW project.
Renewable energy credits (RECs) from the larger site will also be sold to Georgia Power but Southern Power will retain those from the 19MW site.
Construction on the 80MW Decatur Parkway project is scheduled to begin this month with the smaller County project following in June. Both will be fitted with single axis trackers.