First Solar sold the 50-MW Macho Springs Solar Power Plant to Southern Company subsidiary Southern Power and Turner Renewable Energy. El Paso Electric has a 20-year PPA for all energy generated by the power plant. Terms of the deal were not disclosed. The power plant, located on approximately 600 acres of State Trust land near Deming, New Mexico, is the state's largest solar power plant.
SunEdison interconnected a 20-MW AC solar plant in Kern County, California. The project, known as the Adobe Solar Facility, is owned by Southern Company subsidiary Southern Power and Turner Renewable Energy and is composed of 80,000 SunEdison Silvantis Solar PV modules. SunEdison was responsible for building the Adobe facility, and will provide asset management and 24/7 monitoring and maintenance services through its renewable operations center.
Southern Company subsidiary Southern Power acquired the company's second solar PV installation in California – the 20-MW Adobe Solar Facility – in partnership with Turner Renewable Energy. The Southern Power-Turner Renewable Energy partnership's sixth solar project acquisition is expected to close upon the successful completion of construction, which is anticipated in spring 2014. The Adobe Solar Facility will be built, operated and maintained by SunEdison.
Southern Company subsidiary Southern Power, in partnership with Turner Renewable Energy, began commercial operation on the Spectrum Solar Facility, located in Clark County, Nevada. The 30-MW solar PV installation utilizes tracking technology that enables greater efficiency by directing solar panels to track the sun as it moves across the sky. The 311-acre site was built and will be operated and maintained by SunEdison.
TECO acquires New Mexico Gas; Direct Energy acquires Bounce Energy; Duke floats $500 million in two tranches; plus debt deals from PPL Electric and Southern Power.
Atlantic Power sells 800 MW of generating capacity in Florida and Texas; Goldman Sachs buys Imperial Valley project from FirstSolar; Duke acquires two solar plants in California; Southern Company and Turner Renewable Energy buy Campo Verde project; plus other deals and issues totaling more than $2 billion.