Southern Power, the Birmingham subsidiary of the Southern Co. that deals in wholesale alternative energy across the country, announced the acquisition of its 12th wind farm, a 38-turbine, 136-megawatt farm under construction on 10 acres south of Rainier, Washington.
Southern Power did not say how much they paid for the Skookumchuck Wind Facility, which was bought from RES (Renewable Energy Systems), which began construction of the facility in early September.
Southern Power and its subsidiaries own 50 facilities operating or under development in 13 states, with more than 11,310 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma, Texas and Washington.
As a wholesale business, Southern Power buys or builds power plants that are covered by long-term contracts. The Skookumchuck plant is covered by a 20-year power purchase agreement with Puget Sound Energy, which will sell the electricity to customers in its Green Direct program — customers that are mostly comprised of Washington state agencies that the governor of has required to buy renewable energy.
According to the most recent annual report, Southern Power netted $246 million in income in 2018, on revenues of $2.205 billion, of which $2.192 billion was from wholesale sales of energy.
