In November of 2016, Southern Power completed a third green bond issuance of $900 million (Series 2016D and 2016E). Both Series 2016D and 2016E have now matured, but we still continue to show generation data from the projects the bonds funded.

Below you can see the specific Eligible Green Projects to which Southern Power has allocated the green bond proceeds ($895.3 million), the environmental benefits of those projects (representing 100 percent of each project) and Southern Power's management assertion letter together with the independent accountants' attestation report.

Boulder Solar I Facility

Boulder Solar
  • Amount Allocated: $100.3 million
  • In Service: December 2016
  • Location: Clark County, Nevada
  • Capacity: 100 MW, Southern Power owns a 51 percent equity interest (approximately 51 MW)
  • Generation Resource: Photovoltaic Solar
  • Southern Power acquired a majority interest through an initial partnership arrangement with SunPower.
  • Electricity generated by the plant serves a 20-year power purchase agreement with NV Energy, which has the option to keep or sell the associated portfolio energy credits (PECs).*
  • In 2024, the project generated approximately 274,672 megawatt hours (MWh) and offset 184,030 metric tons of CO2, bringing the total since the project was placed in service to approximately 2,383,886 MWh and 1,695,938 metric tons of CO2 offset.**
  • In 2024, Boulder Solar I generated enough electricity to power the equivalent of approximately 26,585 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 223,652 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

Grant Wind Facility

Grant Wind
  • Amount Allocated: $225 million
  • In Service: April 2016
  • Location: Grant County, Oklahoma
  • Capacity: 151 MW
  • Generation Resource: Wind Turbine
  • Electricity generated by the plant serves three separate 20-year power purchase agreements with Western Farmers Electric Cooperative, East Texas Electric Cooperative and Northeast Texas Electric Cooperative, which have the option to keep or sell the associated renewable energy credits (RECs).*
  • In 2024, the project generated approximately 571,487 megawatt hours (MWh) and offset 382,896 metric tons of CO2, bringing the total since the project was placed in service to approximately 4,710,195 MWh and 3,340,927 metric tons of CO2 offset.**
  • In 2024, Grant generated enough electricity to power the equivalent of approximately 55,312 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 442,097 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

Grant Plains Wind Facility

Grant Wind
  • Amount Allocated: $145 million
  • In Service: December 2016
  • Location: Grant County, Oklahoma
  • Capacity: 147 MW
  • Generation Resource: Wind Turbine
  • Electricity generated by the plant serves 10-, 12- and 20-year power purchase agreements with Allianz, Steelcase and OMPA, which have the option to keep or sell the associated renewable energy credits (RECs).*
  • In 2024, the project generated approximately 536,040 megawatt hours (MWh) and offset 359,147 metric tons of CO2, bringing the total since the project was placed in service to approximately 4,664,728 MWh and 3,317,081 metric tons of CO2 offset.**
  • In 2024, Grant Plains generated enough electricity to power the equivalent of approximately 51,882 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 437,571 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

Wake Wind Energy Center

Wake Wind
  • Amount Allocated: $425 million
  • In Service: October 2016
  • Location: Crosby and Floyd Counties, Texas
  • Capacity: 257 MW, Southern Power owns a 90 percent equity interest (approximately 231 MW)
  • Generation Resource: Wind Turbine
  • Electricity generated by the plant is sold under two separate 12-year power purchase agreements. Southern Power, through its subsidiaries, will retain a small percentage of the electricity and RECs generated, which it may keep or sell.*
  • In 2024, the project generated approximately 888,649 megawatt hours (MWh) and offset 595,395 metric tons of CO2, bringing the total since the project was placed in service to approximately 9,337,239 MWh and 6,652,308 metric tons of CO2 offset.**
  • In 2024, Wake Wind generated enough electricity to power the equivalent of approximately 86,009 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 875,476 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