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Southern Company unit boosts California solar capacity

Oct. 23, 2014 11:59 AM ETThe Southern Company (SO) StockBy: Stephen Alpher, SA News Editor3 Comments
  • Southern Company's (NYSE:SO +0.4%) Souther Power subsidiary tops 300 megawatts of solar generating capacity in California with the purchase of the 150-MW Solar Gen 2 facility from First Solar (FSLR +2.5%).
  • Solar Gen 2 is expected to generate enough electricity to power more than 60K average CA homes. Construction of the project by First Solar began last year and is expected to be completed before year-end.
  • The juice from the plant is contracted to San Diego Gas & Electric on a 25-year agreement.
  • Source: Press Release

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