Southern Power Acquires Interest in Wake Wind Energy Center
- Oct 31, 2016
Lubbock, Texas—Southern Power, a subsidiary of Southern Co., announced it has acquired controlling interest in the Wake Wind Energy Center, a 257-megawatt facility located approximately 10 miles northeast of Crosbyton, 50 miles east of Lubbock. Invenergy Wind LLC developed and constructed the project and owns the remaining interest.
“Southern Power remains committed to strategically developing our renewable energy portfolio,” said Southern Power President & CEO Buzz Miller. “The Wake Wind Energy Center continues our growth in wind generation and will provide renewable wholesale energy to our customers.”
Wake Wind Energy Center uses 150 wind turbines manufactured by General Electric Renewable Energy. Blattner Energy Inc. was the lead construction contractor for the project and Invenergy Services will operate and maintain it. Construction was completed and the facility reached full commercial operations earlier this month. The electricity and majority of the associated renewable energy credits (RECs) generated by the facility will be sold under two separate, long-term power sale agreements. Southern Power will retain a small percentage of electricity and RECs generated through its subsidiaries.
“Wake Wind was developed to meet the needs of our customers for long-term renewable energy supply,” said Jim Murphy, CFO & operating business group president at Invenergy. “We’re pleased Southern Power, a company with the same dedication to providing clean, affordable, wholesale generation to customers, wants to take ownership in this great project and we look forward to exploring additional opportunities to work with them in the future.”
Image courtesy of Invenergy