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 2024, the project generated approximately 619,857 megawatt hours (MWh) and offset 415,304 metric tons of CO2, bringing the total since the project was placed in service to approximately 5,675,836 MWh and 4,017,813 metric tons of CO2 offset.**
  • In 2024, Desert Stateline generated enough electricity to power the equivalent of approximately 59,994 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 532,287 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 2024, the project generated approximately 178,476 megawatt hours (MWh) and offset 119,576 metric tons of CO2, bringing the total since the project was placed in service to approximately 1,593,237 MWh and 1,127,310 metric tons of CO2 offset.**
  • In 2024, Decatur Parkway generated enough electricity to power the equivalent of approximately 17,274 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 149,343 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 2024, the project generated approximately 63,173 megawatt hours (MWh) and offset 42,326 metric tons of CO2, bringing the total since the project was placed in service to approximately 579,159 MWh and 409,907 metric tons of CO2 offset.**
  • In 2024, Pawpaw generated enough electricity to power the equivalent of approximately 6,114 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 54,974 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 2024, the project generated approximately 127,805 megawatt hours (MWh) and offset 85,629 metric tons of CO2, bringing the total since the project was placed in service to approximately 1,204,609 MWh and 852,974 metric tons of CO2 offset.***
  • In 2024, Passadumkeag generated enough electricity to power the equivalent of approximately 12,370 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 118,752 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