New York Announces 1,700 MW of New Offshore Wind Projects and 70 Percent Renewables Requirement by 2030

LCG, July 22, 2019--The Governor of New York announced last Thursday that the State has executed the nation's largest offshore wind agreement - totaling approximately 1,700 MW - in U.S. history. The Governor also signed the Climate Leadership and Community Protection Act (CLCPA), which includes a mandates of 9,000 MW of offshore wind by 2035, 70 percent renewable energy by 2030, plus a Zero-Carbon Emission Electric Sector by 2040.

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Georgia PSC Approves Georgia Power's 2019 IRP

LCG, July 18, 2019--The Georgia Public Service Commission (PSC) has unanimously approved Southern Company subsidiary Georgia Power's 2019 Integrated Resource Plan (IRP), which was submitted in late January.

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Industry News

Southern Power Expands Its Renewable Portfolio with Wind Project Acquisition in Oklahoma

LCG, September 10, 2015-Southern Company subsidiary Southern Power yesterday announced an agreement to acquire the 151-MW Grant Wind facility in Oklahoma from Apex Clean Energy. The acquisition is expected to close in March 2016, when project construction is scheduled for completion.

Apex Clean Energy is managing the construction of the Grant Wind project, which began last month. The project plans include 66 wind turbines manufactured by Siemens. Apex will operate and maintain the facility once it achieves commercial operation.

Southern will sell the energy and associated renewable energy credits (RECs) generated by the Grant Wind project to Western Farmers Electric Cooperative, East Texas Electric Cooperative and Northeast Texas Electric Cooperative under 20-year power purchase agreements (PPAs). Each company has contracted for approximately 50 MW and will have the option to either keep or sell the RECs.

Southern Company Chairman, President and CEO stated, "Southern Company is committed to the full portfolio and this project is an important step in further expanding our fuel mix. Our second wind project and one of Southern Power's more than 20 renewable projects across America, the Grant Wind facility is a smart investment that expands our company's presence in a region with exceptional wind resources."

Last March Southern Power announced an agreement to acquire its first wind project, the 299-MW Kay Wind facility in Oklahoma. This acquisition is also from Apex Clean Energy, and the deal is expected to close in the fourth quarter of 2015.

Southern Power's renewable energy capacity is growing rapidly and, with the Grant Wind acquisition, is expected to exceed 1,600 MW, including 21 solar, wind and biomass facilities either announced, acquired or under construction.
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