Southern Power and Turner Renewable Energy have jointly acquired the 74MW Rutherford solar facility in North Carolina, US from Cypress Creek Renewables.
It is the second solar facility acquired by the companies in North Carolina.
Spread on an area of 489 acres of land, the Rutherford solar facility will feature 289,104 fixed tilt, monocrystalline solar panels manufactured by Trina Solar.
After its planned operational in December this year, the solar plant will generate enough electricity to power at 11,500 North Carolina households. The project is also covered with long-term power purchase agreement.
The acquisition expands Southern Power’s renewable portfolio to more than 2.2GW generating capacity.
Southern Power president and CEO Buzz Miller said: "The strategic acquisition of the Rutherford Farm is another step in the development of our solar portfolio.
"This project aligns with our business model as we continue our growth as a renewable energy leader."
Southern Power has been acquiring 30 solar, wind and biomass projects that are either in operation or are under construction.
Turner Renewable Energy owner Ted Turner said: "Turner Renewable Energy's trusted partnership with Southern Power continues to advance the development of renewable technologies across the country.
"We are pleased with our growing relationship and today's acquisition in North Carolina, which further expands the growth of solar energy."
This is the tenth solar project being jointly bought by Southern Power and Turner Renewable Energy under their collaboration, which has been in effect since 2010.
Both the companies have been pursuant in acquiring renewable energy projects across the US. With this acquisition the total portfolio of both the companies has gone up to more than 415MW.
Image: Southern Power and Turner Renwables have acquired 74MW Rutherford solar plant. Photo: Courtesy of Southern Company.