Southern Power Buys Solar Facility in California from First Solar

Southern Power acquired the 150-MW Solar Gen 2 solar facility in California from First Solar. The Solar Gen 2 facility is being built and will be operated and maintained by First Solar. Construction of the project began in 2013. Completion of the project is expected to occur later in the fourth quarter 2014. Southern Power will initially own 100 percent of the project, with First Solar agreeing to acquire a minority interest subject to certain terms and upon fulfillment of certain conditions. Electricity generated by the plant is contracted to serve a 25-year PPA with San Diego Gas & Electric Company (SDG&E).