Southern Power buys from Invenergy 56-MW wind park in West Virginia

Invenergy wind farm. Source: Invenergy (www.invenergyllc.com).

May 22 (Renewables Now) - US wholesale energy provider Southern Power has acquired a majority stake in Chicago-based Invenergy LLC's 56-MW Beech Ridge II wind park in West Virginia.

The wind park, located in Greenbrier County, consists of 20 turbines supplied by GE Renewable Energy. Developed by Invenergy, the wind farm started commercial operation at the beginning of the month. It sells the power it generates under a 12-year power purchase agreement (PPA).

Southern Power, which is part of US utility Southern Company (NYSE:SO), will be the wind park's majority owner, while Invenergy will keep a minority stake. The company's subsidiary Invenergy Services, will operate and maintain the wind facility.

This is the 13th wind project acquired by Southern Power, whose wind portfolio is surpassing 2.1 GW of capacity. The company's renewable portfolio, with a total capacity of 4.51 GW, includes 41 solar and wind parks in operation or under construction.

The deal is in line with Southern Company's clean energy investment strategy. The company wants its operations to be low or zero-carbon by 2050.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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