Southern Power buys plant from LS Power
THOMASTON, GEORGIA - Southern Power plans to buy West Georgia Generating Company LLC from LS Power for an undisclosed amount.
West Georgia Generating has a 600-megawatt power plant with four gas-fired combustion turbines in Thomaston, Georgia. Capacity from two of the four units is sold through long-term power purchase agreements with the Municipal Electric Authority of Georgia and the Georgia Energy Cooperative.
The sales agreement also includes the acquisition by LS Power of a 100 percent ownership interest of Southern Power's DeSoto County Generating Company LLC, which has a 320-megawatt plant in Arcadia, Fla.
Southern Power is a subsidiary of Atlanta-based Southern Co. that acquires, builds, manages and owns wholesale generation assets.
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RBC agrees to buy electricity from new southern Alberta solar power farm project
CALGARY - The Royal Bank of Canada says it is the first Canadian bank to sign a long-term renewable energy power purchase agreement, a deal that will support the development of a 39-megawatt, $70-million solar project in southern Alberta.
The bank has agreed with green energy retailer Bullfrog Power to buy the majority of the electricity produced by the project to be designed and built by BluEarth Renewables of Calgary.
The project is to provide enough power for over 6,400 homes and the panel installations will cover 120 hectares, the size of 170 soccer fields.
The solar installation is to be built in…
