Southern Company subsidiary Southern Power on Monday announced the acquisition of a controlling interest in the 157-megawatt Roserock solar facility, which is the company's first solar project in Texas.
The facility was purchased from Recurrent Energy, one of North America's largest solar developers. The project is under construction and is expected to begin operation in late 2016.
It is being developed by Recurrent Energy, a subsidiary of Canadian Solar, which will retain the remaining interest in the project.
Southern Co., parent company of Mississippi Power, said the electricity and associated renewable energy credits generated by the facility will be sold under a 20-year power purchase agreement with Austin Energy. Once complete, the project is expected to generate enough solar energy to power the energy needs of about 30,000 Texas homes.
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The Roserock solar facility is Southern Power's 20th solar acquisition. Southern Power has announced, acquired or is constructing more than 1,700 MW of renewable asset ownership with 23 solar, wind and biomass projects.