SunEdison continues to play a major role in the expansion of clean, renewable solar energy.
"We are pleased to once again work with Southern Company and Turner Renewable Energy to provide high-quality solar power plants as they continue to build their renewable portfolio," said Carlos Domenech, President of SunEdison. "Our development capabilities and execution track record have made us a trusted provider in the marketplace. We look forward to continuing to provide visionary leaders like Southern Company with solar energy solutions that make economic sense."
Construction of the Spectrum Solar Project is expected to begin in October and commercial operation is anticipated by the second quarter of 2013.
The plant's output will serve a 25-year power purchase agreement with NV Energy, making the Spectrum Solar Facility a natural fit in Southern Company's overall business strategy and low-risk profile.NV Energy, Inc., headquartered in Las Vegas, provides a wide range of energy services and products to approximately 2.4 million citizens of Nevada and nearly 40 million tourists annually. SunEdison is a global provider of solar-energy services. The company develops, finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, and predictably priced solar energy services for its commercial, government and utility customers. In 2011 SunEdison interconnected approximately 300 megawatts of solar throughout the world. For more information about SunEdison, please visit www.sunedison.com. Turner Renewable Energy is wholly owned by Ted Turner. Turner Enterprises, Inc., a private company, manages the business interests, land holdings and investments of Ted Turner, including the oversight of 2 million acres in 12 states and in Argentina, and more than 55,000 bison. With 4.4 million customers and more than 43,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company serving the Southeast. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices below the national average. Southern Company also is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas rankings. Visit our website at www.southerncompany.com. SOURCE Southern Company
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV