ATLANTA, July 21, 2015 /PRNewswire/ -- Georgia Power announced today a new, on-base 46 megawatt (MW) AC solar facility planned at the Marine Corps Logistics Base (MCLB) Albany. The project was approved Tuesday by the Georgia Public Service Commission (PSC) and will be the fifth large-scale solar project to be developed by Georgia Power in coordination with the military. The company is currently working under a memorandum of understanding with the Department of the Navy (DON) to finalize project details.
With the approval of the new MCLB Albany project, Georgia Power expects to have more than 160 MW of on-base solar online by the end of 2016. Other major projects in progress with the military include the Georgia 3x30 with the U.S. Army, three 30 MW solar projects under construction at Fort Benning, Fort Gordon and Fort Stewart, and a 30 MW solar facility with the DON at SUBASE Kings Bay near St. Marys, Georgia.
The MCLB Albany solar facility is expected to be built and placed in service by the end of 2016. As with the company's other four military projects, the facility will be brought online at or below Georgia Power's avoided cost - the amount projected it would cost the company to generate comparable energy from other sources.
Working with the Georgia Public Service Commission, Georgia Power is adding renewable energy as part of a diverse generation portfolio and fueling the state's momentum as one of the fastest growing solar markets in the nation. Through its various solar programs, the company is adding thousands of solar panels to Georgia's energy landscape. To learn more about Georgia Power's various solar programs, including resources and services available for homeowners, visit www.GeorgiaPower.com/Solar.
About Georgia Power
Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), one of the nation's largest generators of electricity. Value, Reliability, Customer Service and Stewardship form the cornerstones of the company's promise to 2.4 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, 21st century coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Consistently recognized as a leader in customer service, Georgia Power was recently ranked highest in overall business customer satisfaction among large utilities in the South by J.D. Power and Associates. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower) and Twitter (Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the development, completion of construction and cost of the MCLB Albany solar project and Georgia Power Company's other military base solar projects. Georgia Power Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the year ended December 31, 2014, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost overruns during the development and construction of generating facilities, to construct facilities in accordance with the requirements of permits and licenses, to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Georgia Power Company. Georgia Power Company expressly disclaims any obligation to update any forward-looking information.
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SOURCE Georgia Power