Southern Power Grows 'Renewable Fleet' Of Assets With 29th Solar Project Acquisition

Southern Co (NYSE: SO) subsidiary Southern Power acquired solar project Millers Branch Solar Facility from EDF Renewables, for an undisclosed amount.

This is SO's 29th solar project acquisition; it is a 200 MW facility located in Texas and is expandable to 500 MW.

The project contributes to the company's growing renewable fleet of clean-generating assets from California to Maine. 

Southern Power will lead the continued development and construction of Millers Branch, which is expected to achieve commercial operation in 4Q25.

Upon completion, the 200 MW facility will sell its electricity and renewable energy credits through a 20-year virtual power purchase agreement with Thermo Fisher Scientific, supporting their net-zero goal by 2050

This addition boosts Southern Power's solar portfolio to over 2,590 MW within its 5,130 MW renewable fleet, reinforcing its strategic focus on long-term contracts and strong credit support.

Price Action: SO shares closed higher by 0.014% at $71.20 on Wednesday.

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