Southern, Turner Renewable Buy Third U.S. Solar-Power Facility

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Southern Co., the second-largest U.S. power company by market value, bought its third solar farm in partnership with billionaire Ted Turner’s renewable-energy business.

Southern and Turner Renewable Energy purchased the 30-megawatt Spectrum Solar project in Clark County, Nevada, from MEMC Electronic Materials Inc., the Atlanta-based power company today in a statementBloomberg Terminal. Terms weren’t disclosed.