Southern Co. completes sale of $1 billion in green bonds

Southern Co. subsidiary Southern Power has completed the issuance of $1 billion aggregate principal amount of green bonds for renewable-energy projects, including solar and wind generating facilities in the United States.

Southern Co., parent company of Mississippi Power, said in a press release it is the first investment-grade electric utility in the country to offer this type of security to invest in sustainable power generation.

Chairman Thomas Fanning said the green bonds show the company's commitment to renewable energy sources.

Southern Power has acquired 21 solar and wind projects across the U.S. and has added or announced more than 3,600 megawatts of renewable projects since 2012.

This story was originally published November 20, 2015 at 3:41 PM with the headline "Southern Co. completes sale of $1 billion in green bonds ."