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 2023, the project generated approximately 261,240 megawatt hours (MWh) and offset 185,480 metric tons of CO2, bringing the total since the project was placed in service to approximately 2,109,214 MWh and 1,511,908 metric tons of CO2 offset.**
  • In 2023, Boulder Solar I generated enough electricity to power the equivalent of approximately 24,216 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 197,067 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 2023, the project generated approximately 538,373 megawatt hours (MWh) and offset 382,245 metric tons of CO2, bringing the total since the project was placed in service to approximately 4,138,708 MWh and 2,958,031 metric tons of CO2 offset.**
  • In 2023, Grant generated enough electricity to power the equivalent of approximately 49,905 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 386,785 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 2023, the project generated approximately 506,669 megawatt hours (MWh) and offset 359,735 metric tons of CO2, bringing the total since the project was placed in service to approximately 4,128,688 MWh and 2,957,934 metric tons of CO2 offset.**
  • In 2023, Grant Plains generated enough electricity to power the equivalent of approximately 46,966 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 385,690 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 2023, the project generated approximately 954,274 megawatt hours (MWh) and offset 677,534 metric tons of CO2, bringing the total since the project was placed in service to approximately 8,448,590 MWh and 6,056,913 metric tons of CO2 offset.**
  • In 2023, Wake Wind generated enough electricity to power the equivalent of approximately 88,457 average U.S. homes for one year, bringing the total since the project was placed in service to approximately 789,466 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