Dive Brief:
- Southern Power and Turner Renewable Energy are buying the 20-megawatt Adobe Solar Facility in California for an undisclosed sum. The facility, on 160 acres in Kern County, should be operational in spring 2014.
- SunEdison is building the plant. Southern California Edison will buy the power under a 20-year power purchase agreement.
Dive Insight:
The deal by the Southern Co. unit and billionaire media mogul Ted Turner is the sixth such partnership on solar projects between the two companies. They formed the partnership in 2010 and have projects in North Carolina, Nevada and New Mexico as well as two in California. While Southern Co. sees the value of renewables as assets in its wholesale generation business, the parent company has resisted calls for its regulated utilities to offer customers incentives to install solar distributed generation.
