Southern Co. subsidiary Southern Power has acquired a controlling stake in the 157-megawatt Roserock solar facility, the company’s first solar project in Texas.
The stake was bought from Recurrent Energy, a subsidiary of Canadian Solar Inc., which will retain the remaining interest in the project, and develop it.
“Southern Power’s first solar project in Texas helps further the company’s robust wholesale business and further expands our solar footprint,” said Southern Power President and CEO Oscar C. Harper. “With strategic acquisitions nationally, the continued development of industry-leading assets aligns with our company’s low-risk strategy and enhances one of America’s largest renewable portfolios.”
The project is currently under construction and is expected to enter commercial operation in the fourth quarter of 2016. The electricity and associated renewable energy credits generated by the facility will be sold under a 20-year power-purchase agreement with Austin Energy.
McCarthy Building Companies is providing the engineering, procurement and construction of the Roserock solar facility. Located on 1,300 acres of land in Pecos County, Texas, the facility will consist of approximately 700,000 Canadian Solar CS6X-P photovoltaic solar modules, mounted on single axis trackers. The facility layout was developed in cooperation with mineral operator Apache Corporation.