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.

Solar Gen 2 Solar Facility

Solar Gen 2
  • Amount Allocated: $495 million to the Solar Gen 2 Solar Facility.
  • In Service: November 2014.
  • Location: Imperial County, California.
  • Capacity: 163 MW.
  • Generation Resource: Photovoltaic Solar.
  • In 2023, the project generated approximately 376,549 megawatt hours (MWh) and offset 267,350 metric tons of CO2, bringing the total since the project was placed in service to approximately 3,589,688 MWh and 2,561,952 metric tons of CO2 offset.**
  • In 2023, Solar Gen 2 generated enough electricity to power the equivalent of approximately 34,904 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 333,958 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: $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 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

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 2023, the project generated approximately 940,111 megawatt hours (MWh) and offset 667,479 metric tons of CO2, bringing the total since the project was placed in service to approximately 8,068,166 MWh and 5,749,526 metric tons of CO2 offset.**
  • In 2023, Kay generated enough electricity to power the equivalent of approximately 87,144 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 753,278 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