Southern Power has acquired a controlling interest in the 102MW Henrietta solar Project in Kings County, California, from SunPower.
SunPower will continue to own the remaining stake in the project. The exact size of the divested interest has not been revealed.
The Henrietta solar plant is expected to be completed in the third quarter of the year, is expected to provide power to about 24,000 average US households.
SunPower is building a SunPower Oasis Power Plant system at the approximately 670-acre Henrietta site.
SunPower will also operate and maintain the facility upon completion. Southern Power’s existing customer Pacific Gas and Electric Company will purchase the output of the project along with the renewable energy credits (RECs) generated by it under a 20-year contract.
Southern Power president and CEO Buzz Miller said: "The acquisition of the Henrietta Solar Project underscores Southern Power’s leadership in developing renewable energy.
"Through strategic partnerships, including with SunPower, we continue to accelerate our solar generation growth in California."
Southern Power currently owns more than 2.1GW of renewable energy generating capacity, which have been assembled through strategic acquisition or development of 28 solar, wind and biomass projects. The projects are either in production or are under construction across the US.