A green bond is a bond the proceeds of which are allocated towards eligible projects with environmental benefits.

In 2016, Georgia Power completed the issuance of a $325 million green bond (Series 2016A), becoming the first retail electric utility in the United States to offer this type of security to support investment in sustainable generation. Offering the green bond is another way the company is supporting renewable energy development in Georgia including solar and wind power.

When Georgia Power issued the green bond in March 2016, the company committed to allocate an amount equal to the net proceeds from the bond ($321.7 million) to Eligible Green Expenditures, such as investments in solar power generation projects in the U.S. The company also committed to report the key environmental features of those projects and to publish an independent accountant’s report on the allocation.

Below you can see the specific solar power generation projects to which Georgia Power has allocated the green bond proceeds, as well as the environmental benefits of those projects. There is also a link to Georgia Power’s management assertion letter regarding the green bond allocation together with the independent accountant’s attestation report.

Fort Benning Solar

Benning Solar
  • Amount Allocated: $59.9 million
  • In Service: December 31, 2015
  • Location: Fort Benning
  • Capacity: 30 MW AC
  • Generation Resource: Photovoltaic Solar
  • The facility is owned and operated by Georgia Power with energy delivered to the state's electric grid.
  • In 2025, the project generated approximately 56,237 megawatt hours (MWh) and offset 37,679 metric tons of CO2, bringing the total since the project was placed into service to 537,490 MWh and 378,332 metric tons of CO2 offset.*
  • In 2025, the project generated enough electricity to power the equivalent of 5,418 average U.S. homes for one year, bringing the total since the project was placed into service to 50,569 homes.**
  • Fact Sheet

* Per the EPA Environmental Impacts Calculator

** Per the EIA annual average residential electricity consumption

Fort Gordon Solar

FortGordon
  • Amount Allocated: $58.1 million
  • In Service: October 4, 2016
  • Location: Fort Gordon, Georgia
  • Capacity: 30 MW AC
  • Generation Resource: Photovoltaic Solar
  • The facility is owned and operated by Georgia Power with energy delivered to the state's electric grid.
  • In 2025, the project generated approximately 51,632 megawatt hours (MWh) and offset 34,593 metric tons of CO2, bringing the total since the project was placed into service to 502,739 MWh and 354,541 metric tons of CO2 offset. *
  • In 2025, the project generated enough electricity to power the equivalent of 4,974 average U.S. homes for one year, bringing the total since the project was placed into service to 47,327 homes. **
  • Fact Sheet

* Per the EPA Environmental Impacts Calculator

** Per the EIA annual average residential electricity consumption

Fort Stewart Solar

Stewart Solar
  • Amount Allocated: $60.1 million
  • In Service: October 4, 2016
  • Location: Fort Stewart, Georgia
  • Capacity: 30 MW AC
  • Generation Resource: Photovoltaic Solar
  • The facility is owned and operated by Georgia Power with energy delivered to the state's electric grid.
  • In 2025, the project generated approximately 47,691 megawatt hours (MWh) and offset 31,953 metric tons of CO2, bringing the total since the project was placed into service to 463,644 MWh and 327,316 metric tons of CO2 offset. *
  • In 2025, the project generated enough electricity to power the equivalent of 4,595 average U.S. homes for one year, bringing the total since the project was placed into service to 43,625 homes. **
  • Fact Sheet

* Per the EPA Environmental Impacts Calculator

** Per the EIA annual average residential electricity consumption

Navy - Kings Bay Solar

Kings Solar
  • Amount Allocated: $64.9 million
  • In Service: December 1, 2016
  • Location: Kings Bay, Georgia
  • Capacity: 30 MW AC
  • Generation Resource: Photovoltaic Solar
  • The facility is owned and operated by Georgia Power with energy delivered to the state's electric grid.
  •  In 2025, the project generated approximately 42,464 megawatt hours (MWh) and offset 28,451 metric tons of CO2, bringing the total since the project was placed into service to 485,432 MWh and 342,519 metric tons of CO2 offset. *
  • In 2025, the project generated enough electricity to power the equivalent of 4,091 average U.S. homes for one year, bringing the total since the project was placed into service to 45,702 homes. **
  • Fact Sheet

* Per the EPA Environmental Impacts Calculator

** Per the EIA annual average residential electricity consumption

Marine Corps Logistics Base (MCLB) Solar

Marine Corps Logistics Base Solar
  • Amount Allocated: $74.2 million
  • In Service: February 12, 2018
  • Location: Albany, Georgia
  • Capacity: 31 MW AC
  • Generation Resource: Photovoltaic Solar
  • The facility is owned and will be operated by Georgia Power with energy delivered to the state's electric grid.
  • In 2025, the project generated approximately 55,170 megawatt hours (MWh) and offset 36,964 metric tons of CO2, bringing the total since the project was placed into service to 446,325 MWh and 280,905 metric tons of CO2 offset. *
  • In 2025, the project generated enough electricity to power the equivalent of 5,315 average U.S. homes for one year, bringing the total since the project was placed into service to 42,130 homes. **
  • Fact Sheet

* Per the EPA Environmental Impacts Calculator

** Per the EIA annual average residential electricity consumption

University of Georgia Solar (UGA) Demonstration Project

University of Georgia Solar
  • Amount Allocated: $4.5 Million
  • In Service: February 4, 2016
  • Location: Athens, Georgia
  • Capacity: 1 MW AC
  • Generation Resource: Photovoltaic Solar
  • The facility is owned and operated by Georgia Power with energy delivered to the state's electric grid.
  • Georgia Power and our project partners, University of Georgia and the Electric Power Research Institute, are studying performance and reliability of fixed and tracking configurations of five separate sub-arrays in this two-year demonstration project. The project demonstrates optimal orientation and tracking technology suited for Georgia’s climate and energy demand.
  • UGA will receive the renewable energy credits, or RECs.
  • In 2025, the project generated approximately 1,937 megawatt hours (MWh) and offset 1,298 metric tons of CO2, bringing the total since the project was placed into service to 17,904 MWh and 12,601 metric tons of CO2 offset.*
  • In 2025, the project generated enough electricity to power the equivalent of 187 average U.S. homes for one year, bringing the total since the project was placed into service to 1,685 homes.**
  • Fact Sheet

* Per the EPA Environmental Impacts Calculator

** Per the EIA annual average residential electricity consumption

Georgia Power’s affiliate, Southern Power, has also issued green bonds. For more information on Southern Power green bonds please click here.

Management Assertion and Independent Accountants' Attestation Report