Southern Acquires 32-Megawatt California Plant From First SolarJustin Doom
Southern Co., owner of Georgia’s largest utility, acquired a controlling stake in a 32-megawatt power plant in California from First Solar Inc.
The remaining stake in the Lost Hills-Blackwell facility will be held by a First Solar unit, Atlanta-based Southern said in a statement Thursday. Terms weren’t disclosed.
First Solar will operate and maintain the solar facility, comprising the 20-megawatt Lost Hills and 12-megawatt Blackwell sites. Construction is expected to be completed “shortly after this acquisition,” according to the statement.
With this deal, Southern Power owns almost 1 gigawatt of renewable-energy capacity in operation or under development.
Pacific Gas & Electric Co. and Roseville Electric have agreed to buy the output of Lost Hills-Blackwell, enough for about 11,000 homes, and the associated renewable-energy credits under long-term contracts.