Southern Power made another investment in West Texas solar energy.
The company, a subsidiary of Southern Company, announced its acquisition of the East Pecos Solar Facility project from Arizona-based First Solar on Monday. The facility has 120 megawatts of power capacity and will begin commercial operation in the fourth quarter of 2016.
Both companies declined to reveal details of the acquisition.
“Southern Power’s acquisition of the East Pecos Solar Facility underscores the company’s commitment to strategically develop renewables across America,” Southern Company CEO Tom Fanning said. “This project aligns with its conservative business model as Southern Power has built one of the nation’s largest renewable energy portfolios.”
The East Pecos facility will be the company’s 24th solar plant, and second in Texas. Southern Power purchased the 157-megawatt Roserock Solar Facility in Pecos County in November 2015.
While the Roserock plant is the largest existing solar farm in Texas, other larger projects are in the works. Roserock will provide power to Austin and surrounding areas and will be completed in late 2016.
The primary Texas grid produces fewer than 300 megawatts of solar power, but that number is expected to grow exponentially as more power plants come online. The primary Texas grid is expected to produce 2,000 megawatts of solar power by 2018.
According to the Electric Reliability Council of Texas, one megawatt can support about 500 homes during mild weather conditions. During peak demand, one megawatt can support about 200 homes.