Southern Power, a subsidiary of Southern Company, an electric utility, acquired the 200 MW Millers Branch solar project from EDF Renewables. The solar facility is currently in the early stages of development and has the potential to expand up to 500 MW.
The project is located in Haskell County, Texas. Southern Power will lead the continued development and construction of the Millers Branch, which is expected to achieve commercial operation in the fourth quarter of 2025.
Once operational, the electricity and associated renewable energy credits generated by the 200 MW facility will be sold under a 20-year virtual power purchase agreement with Thermo Fisher Scientific, which uses the renewable energy certificates to drive progress toward its net zero-by-2050 commitment. With the addition of Millers Branch, Southern Power’s solar portfolio consists of more than 2,590 MW of solar generation.
“Millers Branch represents a significant milestone for Southern Power as we are entering this project with expansion opportunities,” said Southern Power President Robin Boren. “The project exemplifies Southern Power’s ongoing commitment to enhancing our solar portfolio as we build the future of energy.”
Southern Power’s solar facilities are a part of the company’s 5,130 MW renewable fleet, which consists of 29 solar and 15 wind facilities currently operating or under construction.
This Month, Samsung C&T Renewables, a renewable energy development and investment company and the renewable energy corporation of South Korea’s Samsung C&T in the U.S., signed a contract for sale and development services for a 3 GW solar and ESS (energy storage system) project in southern Texas to Sunraycer Renewables.
According to Mercom’s 1H and Q2 2023 Solar Funding and M&A Report, in the first half (1H) of 2023, 116 solar project acquisitions totaling 25.5 GW were announced compared to 148 project acquisitions totaling 37.8 GW in 1H 2022.
DSD Renewables (DSD), a provider of solar PV energy and energy storage solutions, recently acquired a community solar portfolio totaling 15 MW in Minnesota from New Energy Equity.