Energy companies announce joint wind development agreement
Southern Power, a subsidiary of Georgia-based Southern Company, recently announced an agreement with Renewable Energy Systems Americas, Inc. (RES) to jointly develop and construct 10 different wind power projects.
The projects will provide approximately 3,000 megawatts (MW) of energy and enter commercial service between 2018 and 2020.
Southern Power also agreed to purchase wind turbine equipment from Siemens and Vestas for use in the projects. The equipment will be used to secure current tax credits.
RES will act as lead develop and balance-of-plant provider for projects that will use the equipment, allowing Southern Company to serve as co-developer in the future.
“Southern Power has a long-standing history of partnering with major equipment manufacturers and developers while growing one of the nation’s largest wholesale green energy portfolios,” Southern Power President and CEO Buzz Miller said. “We now have priority access to a robust, visible development pipeline and a supply chain for turbines from two premier technology providers, reinforcing our focus on wind energy investments over the next several years.”
Southern Power now owns approximately 2,700 MW of renewable energy across 33 facilities that have either been announced, acquired or are under construction. Renewable energy made up 4 percent of Southern Company’s generation mix in 2015.
