Southern Power buys majority stake in Beech Ridge II Wind Facility from Invenergy
Southern Power, a subsidiary of Southern Company, has acquired a majority stake in the 56MW Beech Ridge II Wind Facility in West Virginia from its developer Invenergy for an undisclosed price.
The Beech Ridge II wind farm, which had achieved commercial operation earlier this month, marks the 13th wind project acquired by the US wholesale energy provider.
Mark Lantrip – Southern Power CEO said: “We are pleased to announce the acquisition of our 13th wind project. This project marks Southern Power’s first renewable asset in the Mid-Atlantic region, and it is an important step in the continued growth of Southern Power’s wind portfolio.”
Built across Greenbrier County, West Virginia, Beech Ridge II Wind Facility is powered by 20 wind turbines delivered by GE Renewable Energy.
The power and associated renewable energy credits produced by the Beech Ridge II wind farm are being sold under a power purchase agreement, which is valid for 12 years. Invenergy will hold onto a minority ownership position in the wind farm in West Virginia with its subsidiary Invenergy Services to deliver end-to-end energy solutions for asset owners.
Invenergy Services will also operate and maintain the Beech Ridge II wind project.
Following the addition of the Beech Ridge II wind farm, the wind portfolio of Southern Power has surpassed 2.1GW of wind generation.