Southern Company subsidiary expands renewable portfolio with wind acquisition in Maine

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Southern Company subsidiary expands renewable portfolio with wind acquisition in Maine

Southern Company subsidiary Southern Power has announced the acquisition of the 43 MW Passadumkeag wind park in Penobscot County (USA) from an affiliate of Quantum Utility Generation.

The majority of the electricity and associated renewable energy credits (RECs) generated by the facility are sold under a 15-year power purchase agreement to Eversource Energy. Southern Power will retain a small percentage of the electricity and RECs generated, which it may keep or sell.

Quantum Utility Generation developed and constructed the project, and EDF Renewable Services will serve as the balance-of-plant operations and maintenance contractor.

The project consists of 13 wind turbines manufactured by Vestas-American Wind Technology Inc. Once operational, the Passadumkeag Windpark is expected to be capable of generating enough electricity to help meet the energy needs of approximately 14,000 average U.S. homes. Construction activities began in 2015 and are expected to be completed shortly after this acquisition.

The Passadumkeag project fits Southern Power's business strategy of growing its wholesale business through the acquisition and construction of generating assets substantially covered by long-term contracts.

Southern Power President and CEO Buzz Miller said:

"Southern Power's acquisition of Passadumkeag Windpark extends our national presence to 10 states and further solidifies our position as America's premier wholesale energy partner. This exciting project adds to a dynamic renewable energy portfolio that is delivering clean, safe, reliable and affordable generation to wholesale customers across the country."

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