Southern Power announces further expansion of Millers Branch Solar Facility in Texas
Rhea-AI Summary
Southern Power announced the Phase III expansion of its Millers Branch Solar Facility in Haskell County, Texas, adding 132-megawatts (MW) to the previous Phase I (200 MW) and Phase II (180 MW) expansions. This final development will bring the facility's total generating capacity to 512 MW, making it Southern Power's largest solar facility. The company signed power purchase agreements with Synopsys and Keysight Technologies for environmental attributes. Phase III is expected to achieve commercial operation in Q4 2026. With this addition, Southern Power's solar portfolio will exceed 3,050 MW, part of its 5,590 MW renewable fleet consisting of 30 solar and 15 wind facilities.
Positive
- Expansion adds 132 MW of solar capacity, reaching total of 512 MW
- Secured power purchase agreements with Synopsys and Keysight Technologies
- Project strengthens wholesale business through long-term contracts
- Contributes to growing renewable portfolio of 5,590 MW
Negative
- None.
News Market Reaction – SO
In the trading session that priced this news, SO gained 0.19%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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"This expansion of the Millers Branch Solar Facility represents the final phase of construction at the facility," said Southern Power President Robin Boren. "The completion of this work will bring the facility's total generating capacity to 512 MW, making Millers Branch our largest solar facility to date and significantly enhancing Southern Power's ability to deliver clean energy on a larger scale. This project is just the latest testament of our longstanding commitment to building the future of energy and providing for the renewable energy needs of our customers and communities."
The project, located in
Southern Power signed power purchase agreements with Synopsys, Inc and Keysight Technologies for environmental attributes, such as renewable energy credits (RECs), produced under their respective shares of the Millers Branch Solar Facility. Sustainability Roundtable, Inc. supported the power purchase agreement for Synopsys, the anchor tenant.
With the addition of Millers Branch Phase III, Southern Power's solar portfolio consists of more than 3,050 MW of solar generation currently operating or under construction. Southern Power's solar facilities are a part of the company's 5,590 MW renewable fleet, which consists of 30 solar and 15 wind facilities currently operating or under construction.
This project aligns with Southern Power's overall business strategy of strengthening its wholesale business by acquiring and developing generating assets that are covered by long-term contracts with counterparties with strong credit support.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading
About Southern Company
Southern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy distribution company with national capabilities, a fiber optics network and telecommunications services. Through an industry-leading commitment to innovation, resilience and sustainability, we are taking action to meet customers' and communities' needs while advancing our goal of net zero greenhouse gas emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture and hiring practices have earned the company national awards and recognition from numerous organizations, including Forbes, The Military Times, Fair360, Black Enterprise, J.D. Power, Fortune, Human Rights Campaign and more. To learn more, visit www.southerncompany.com.
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SOURCE Southern Power