In 2015, Southern Power completed the issuance of $1 billion of green bonds (Series 2015C and 2015D), becoming the first investment-grade power producer in the U.S. to offer this type of security to support investment in sustainable generation.

Below you can see the specific Eligible Green Projects to which Southern Power has allocated the green bond proceeds ($994.1 million), 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.

Series 2015D Update

In November 2017, Southern Power’s Series 2015D green bond matured ($498.5 million proceeds). At issuance, Southern Power allocated $994.1 million of proceeds from Series 2015C and 2015D to three projects. Now that the Series 2015D has matured, we have re-allocated proceeds from Series 2015C to the Decatur Parkway Solar Facility and Kay Wind Facility, and no longer have any proceeds allocated to the Solar Gen 2 Solar Facility. As such, Southern Power only reports updated production and environmental statistics associated with proceeds allocated to the Decatur Parkway Solar Facility and Kay Wind Facility.

Decatur Parkway Solar Facility

Decatur Parkway
  • Amount Allocated: $39.4 million (Southern Power also allocated $98.9 million from the June 2016 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.
  • In 2021, the project generated approximately 153,607 megawatt hours (MWh) and offset 108,907 metric tons of CO2, bringing the total since the project was placed in service to approximately 1,077,011 MWh and 768,094 metric tons of CO2 offset.**
  • In 2021, Decatur Parkway generated enough electricity to power the equivalent of approximately 14,334 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 100,657 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

Kay Wind Facility

Kay Wind
  • Amount Allocated: $459.9 million
  • In Service: December 2015
  • Location: Kay County, Oklahoma
  • Capacity: 299 MW
  • Generation Resource: Wind Turbine
  • The electricity and associated renewable energy credits (RECs) generated by the facility are being sold under 20-year power purchase agreements with Westar Energy Inc. in Kansas and Grand River Dam Authority in Oklahoma. Both companies have the option to either keep or sell the RECs.*
  • In 2021, the project generated approximately 956,810 megawatt hours (MWh) and offset 678,378 metric tons of CO2, bringing the total since the project was placed in service to approximately 6,151,660 MWh and 4,389,783 metric tons of CO2 offset.**
  • In 2021, Kay generated enough electricity to power the equivalent of approximately 89,288 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 575,018 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