The semiconductor and solar technology provider MEMC Electronic Materials Inc. recently announced that its subsidiary SunEdison has sold its 20 megawatt (MW) solar photovoltaic power plant to Southern Company and Turner Renewable Energy for an undisclosed sum.
Situated in southern U.S., Southern Company operates as an electric utility company and is involved in the generation, transmission, and distribution of electricity through traditional as well as renewable sources. In an attempt to pursue the development of renewable energy projects in the U.S., the company got into a partnership deal with Turner Renewable Energy, which is a wholly owned subsidiary of Turner Enterprises. SunEdison’s solar plant is the partnership’s second big acquisition, the first being First Solar Inc.’s in March 2010.
This Las Vegas-based plant covering 154 acres was initiated in October 2011. The plant is expected to be operational by the end of September. Power generated from this plant will be purchased by NV Energy Inc. under a long-term agreement of 25 years… Read more