Southern Acquires 32-Megawatt California Plant From First Solar

(Bloomberg) — Southern Co., owner of Georgia’s largest
utility, acquired a controlling stake in a 32-megawatt power
plant in California from First Solar Inc.

The remaining stake in the Lost Hills-Blackwell facility
will be held by a First Solar unit, Atlanta-based Southern said
in a statement Thursday. Terms weren’t disclosed.

First Solar will operate and maintain the solar facility,
comprising the 20-megawatt Lost Hills and 12-megawatt Blackwell
sites. Construction is expected to be completed “shortly after
this acquisition,” according to the statement.

With this deal, Southern Power owns almost 1 gigawatt of
renewable-energy capacity in operation or under development.

Pacific Gas & Electric Co. and Roseville Electric have
agreed to buy the output of Lost Hills-Blackwell, enough for
about 11,000 homes, and the associated renewable-energy credits
under long-term contracts.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Robin Saponar

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