Monday, November 30, 2015 4:27:45 PM
Southern Co. (SO +0.2%) says it is buying a 51% interest in the planned 157 MW Roserock solar farm in Texas, as it makes its first renewable power entrance into the state.
The facility near Fort Stockton, Tex., will provide power to Austin and surrounding areas through a 20-year power purchase agreement with city-owned Austin Energy.
The solar farm, expected to be completed in late 2016, will have 700K PV solar panels and be able to power 30K Texas homes during normal conditions.
Canadian Solar (CSIQ +1.7%), which is developing the project, will retain a 49% stake through its Recurrent Energy subsidiary; financial terms are not disclosed.
http://seekingalpha.com/news/2955566-southern-co-buys-first-solar-project-in-texas
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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