Southern Power acquires Beech Ridge II Wind Facility
May 21, 2020
Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the acquisition of its 13th wind project — the 56-megawatt (MW) Beech Ridge II Wind Facility — from Invenergy, a leading developer, owner and operator of sustainable energy solutions.
"We are pleased to announce the acquisition of our 13th wind project," said Southern Power CEO Mark Lantrip. "This project marks Southern Power's first renewable asset in the Mid-Atlantic region, and it is an important step in the continued growth of Southern Power's wind portfolio."
Located in Greenbrier County, West Virginia, Beech Ridge II was developed by Invenergy and utilizes 20 wind turbines manufactured by GE Renewable Energy. The project achieved commercial operation May 1, 2020.
The electricity and associated renewable energy credits generated by the facility are being sold under a 12-year power purchase agreement. Southern Power will be the majority owner. Invenergy will retain a minority ownership position, and Invenergy Services, a subsidiary of Invenergy that provides end-to-end energy solutions for asset owners, will operate and maintain the facility.
With the addition of Beech Ridge II, Southern Power's wind portfolio consists of more than 2,100 MW of wind generation. Southern Power's wind facilities are a part of the company's 4,510-MW renewable fleet, which consists of 41 solar and wind facilities operating or under construction.
This project aligns with Southern Company's strategy to provide a more sustainable future by investing in clean energy solutions. Southern Company was one of the first U.S. energy companies to set a long-term goal of low- to no-carbon operations by 2050. In May 2020, the company updated its language to a goal of net-zero carbon by 2050.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power and its subsidiaries, some of which are owned in part with various partners, own or operate 50 facilities operating or under development in 13 states with more than 11,920 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, Texas, Washington and West Virginia.