SunEdison N.C. Solar Plant Sold to Southern Co., Turner

The 2.5-megawatt Granville Solar Facility in North Carolina, being built by MEMC's SunEdison unit, is being bought by a unit of Southern Co. and Turner Renewable Energy. / Photo courtesy of St. Louis Business Journal

Southern Co.’s Southern Power and Turner Renewable Energy have bought the 2.5 megawatt Granville Solar Facility in North Carolina being built by MEMC’s SunEdison unit for an undisclosed amount.

Currently, the Granville Solar Facility is under construction on a 40-acre site near Oxford, N.C. SunEdison also will handle the facility’s ongoing operation and maintenance. The Granville Solar Facility is expected to enter commercial operation later this month, with its output going toward a power purchase agreement with Progress Energy Carolinas.

This is the fourth joint solar acquisition by Atlanta-based Southern Co., one of the Southeast’s largest utilities, and Turner Renewable Energy, led by billionaire investor Ted Turner, and the third SunEdison plant the companies have bought.

Tags:, , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students