In June of 2016, Southern Power completed a second green bond issuance of €1.1 billion (or $1.24 billion equivalent) in Europe (Series 2016A and 2016B), becoming the largest corporate issuer of green bonds in the U.S. at that time.

Below you can see the specific Eligible Green Projects to which Southern Power has allocated the USD equivalent of the net proceeds from these green bonds ($1.23 billion), the environmental benefits of those projects (representing 100% of each project) and Southern Power's management assertion letter together with the independent accountants' attestation report.

Desert Stateline Solar Facility

Desert Stateline
  • Amount Allocated: $965.2 million
  • In Service: Eight phases were placed in service from December 2015 through July 2016
  • Location: San Bernardino County, California
  • Capacity: 300 MW, Southern Power owns a 66% equity interest (approximately 197 MW)
  • Generation Resource: Photovoltaic Solar
  • Southern Power acquired a majority interest through an initial partnership arrangement with First Solar.
  • Electricity generated by the plant serves a 20-year power purchase agreement with Southern California Edison, which has the option to keep or sell the associated renewable energy credits (RECs).*
  • In 2023, the project generated approximately 618,537 megawatt hours (MWh) and offset 439,161 metric tons of CO2, bringing the total since the project was placed in service to approximately 5,055,979 MWh and 3,602,509 metric tons of CO2 offset.**
  • In 2023, Desert Stateline generated enough electricity to power the equivalent of approximately 57,336 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 472,293 homes.***
  • Fact Sheet

*If the RECs are re-sold, the ultimate purchaser of the RECs gains the exclusive right to claim that its load received any and all environmental benefits associated with the renewable energy generated.

**Per the EPA Environmental Impacts Calculator

***Per the EIA annual average residential electricity consumption

Decatur Parkway Solar Facility

Decatur Parkway
  • Amount Allocated: $98.9 million (Southern Power also allocated $39.4 million from the November 2015 green bond issuance (total of $138.3 million) to the Decatur Parkway Solar Facility.
  • In Service: December 2015
  • Location: Decatur County, Georgia
  • Capacity: 84 MW
  • Generation Resource: Photovoltaic Solar
  • The project was proposed by Tradewind Energy Inc. and selected by Southern Company subsidiary Georgia Power in a competitive process through the nationally recognized Georgia Power Advanced Solar Initiative.
  • Electricity generated by the plant serves a 25-year power purchase agreement with Georgia Power, which has the option to keep or sell the associated renewable energy credits (RECs).*
  • In 2023, the project generated approximately 171,559 megawatt hours (MWh) and offset 121,807 metric tons of CO2, bringing the total since the project was placed in service to approximately 1,414,761 MWh and 1,007,731 metric tons of CO2 offset.**
  • In 2023, Decatur Parkway generated enough electricity to power the equivalent of approximately 15,903 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 132,069 homes.***
  • Fact Sheet

*If the RECs are re-sold, the ultimate purchaser of the RECs gains the exclusive right to claim that its load received any and all environmental benefits associated with the renewable energy generated.

**Per the EPA Environmental Impacts Calculator

***Per the EIA annual average residential electricity consumption

Pawpaw Solar Facility

Pawpaw
  • Amount Allocated: $42.3 million
  • In Service: March 2016
  • Location: Taylor County, Georgia
  • Capacity: 30 MW
  • Generation Resource: Photovoltaic Solar
  • The project was initially proposed by Longview Solar LLC – a joint venture of Elemental Energy Inc. and TUUSSO Energy, LLC – and selected by Southern Company subsidiary Georgia Power in a competitive process through the nationally recognized Georgia Power Advanced Solar Initiative.
  • Electricity generated by the plant serves a 30-year power purchase agreement with Georgia Power, which has the option to keep or sell the associated renewable energy credits (RECs).*
  • In 2023, the project generated approximately 60,941 megawatt hours (MWh) and offset 43,268 metric tons of CO2, bringing the total since the project was placed in service to approximately 515,986 MWh and 367,581 metric tons of CO2 offset.**
  • In 2023, Pawpaw generated enough electricity to power the equivalent of approximately 5,649 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 48,860 homes.***
  • Fact Sheet

*If the RECs are re-sold, the ultimate purchaser of the RECs gains the exclusive right to claim that its load received any and all environmental benefits associated with the renewable energy generated.

**Per the EPA Environmental Impacts Calculator

***Per the EIA annual average residential electricity consumption

Passadumkeag Windpark

Passadumkeag
  • Amount Allocated: $123.9 million
  • In Service: July 2016
  • Location: Penobscot County, Maine
  • Capacity: 42 MW
  • Generation Resource: Wind Turbine
  • Electricity generated by the plant serves a 15-year power purchase agreement with Eversource Energy, which has the option to keep or sell the associated renewable energy credits (RECs). Southern Power will retain a small percentage of the electricity and RECs generated, which it may keep or sell.*
  • In 2023, the project generated approximately 129,943 megawatt hours (MWh) and offset 92,259 metric tons of CO2, bringing the total since the project was placed in service to approximately 1,076,804 MWh and 767,344 metric tons of CO2 offset.**
  • In 2023, Passadumkeag generated enough electricity to power the equivalent of approximately 12,045 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 106,382 homes.***
  • Fact Sheet

*If the RECs are re-sold, the ultimate purchaser of the RECs gains the exclusive right to claim that its load received any and all environmental benefits associated with the renewable energy generated.

**Per the EPA Environmental Impacts Calculator

***Per the EIA annual average residential electricity consumption

Management Assertion and Independent Accountants' Attestation Report