Southern Company makes first Maine acquisition

Published on July 07, 2016 by Jessica Limardo

Southern Power, a subsidiary of Southern Company, made its first project acquisition in Maine on Tuesday, which will add an additional 43 megawatts of clean power to the company’s energy portfolio from the Passadumkeag Windpark in Penobscot County.

“Southern Power’s acquisition of Passadumkeag Windpark extends our national presence to 10 states and further solidifies our position as America’s premier wholesale energy partner,” Southern Power President and CEO Buzz Miller said. “This exciting project adds to a dynamic renewable energy portfolio that is delivering clean, safe, reliable and affordable generation to wholesale customers across the country.”

The wind farm was purchased from an affiliate of Quantum Utility Generation and is still under construction. Construction began last year and is expected to be complete shortly following the completion of the acquisition. Quantum Utility Generation is responsible for overseeing construction, while EDF Renewable Services has acted as the balance-of-plant operations and maintenance contractor.

Southern Power maintains the authority to sell or keep the energy supply. Most of its electricity and associated renewable energy credits (RECs) are sold to Eversource Energy under 15-year power purchase agreements. Southern Power, however, intends to keep a portion of the energy supply, and may keep or sell that portion.

The Passadumkeag Windpark is comprised of 13 wind turbines and is expected to generate enough power to successfully supply electricity to 14,000 U.S. homes.