Southern Company subsidiary's East Pecos Solar Facility in Texas begins commercial operation
ATLANTA, April 5, 2017 /PRNewswire/ -- Southern Company subsidiary Southern Power today announced the commercial operation of the 120-megawatt (MW) East Pecos Solar Facility in Pecos County, Texas. With three solar projects in Texas, Southern Power is the owner of one of the largest utility-scale solar portfolios in the state.
"The East Pecos Solar Facility joins our growing renewable fleet in Texas, and we look forward to operating it for the benefit of our customers," said Southern Power President and CEO Buzz Miller. "By providing clean, affordable, wholesale generation, we are able to deliver on our promise to help build the future of energy."
Construction of the approximately 1,000-acre project began in February of 2016. The facility consists of approximately 1.2 million solar panels manufactured by First Solar, which built and will operate and maintain the facility. Under a 15-year power purchase agreement, Austin Energy is purchasing the energy and associated renewable energy credits, which it plans to apply to meet Austin City Council goals for renewable energy and carbon reduction.
"Austin Energy was an early adopter of West Texas wind power and is pleased to take delivery of the power generated by the East Pecos Solar Facility," said Austin Energy General Manager Jackie Sargent. "We currently supply more than 30 percent of our customers' needs from renewable power and are well on our way to our target of 55 percent supply by 2025."
The project fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.
Southern Power has announced, acquired or is constructing approximately 3,200 MW of renewable ownership with 36 solar, wind and biomass projects across the U.S. In all, the Southern Company system has added or announced more than 6,500 MW of renewable energy projects since 2012.
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Cautionary Notes 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 future renewable development. Southern Company and Southern Power caution 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 Southern Company and Southern Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in each of Southern Company's and Southern Power's Annual Reports on Form 10-K for the year ended December 31, 2016, 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, and to satisfy any operational and environmental performance standards, including the requirements of tax credits and other incentives; and potential business strategies, including acquisitions or dispositions of assets or businesses, which cannot be assured to be completed or beneficial to Southern Company or Southern Power. Southern Company and Southern Power expressly disclaim any obligation to update any forward-looking information.
SOURCE Southern Company
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