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ACQUISITIONS AND DISPOSITIONS (Tables)
12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of asset acquisition
Asset Acquisitions
Project
Facility
ResourceSeller
Approximate Nameplate Capacity (MW)
LocationSouthern
Power
Ownership
Percentage
Expected/Actual COD
PPA
Contract Period
Asset Acquisitions During 2023
Millers Branch(a)
Solar
EDF Renewables
Development, Inc.
200Haskell County, TX
100%
Fourth quarter 202520 years
South CheyenneSolarHanwha Q Cells USA Corp.150Laramie County, WY100%
Second quarter 2024
20 years
Asset Acquisitions During 2021
Deuel Harvest(b)
WindInvenergy Renewables LLC300Deuel County, SD
100% of Class B
February 2021
25 years
and
15 years
(a)The project includes an option to expand capacity up to an additional 300 MWs. Subsequent to December 31, 2023, Southern Power committed to expand the construction of the facility through a second phase adding up to 205 MWs, with commercial operation expected to occur in the second quarter 2026.
(b)In March 2021, Southern Power acquired a controlling interest in the project from Invenergy Renewables LLC and completed a tax equity transaction whereby it sold the Class A membership interests in the project. Southern Power consolidates the project's operating results in its financial statements and the tax equity partner and Invenergy Renewables LLC each own a noncontrolling interest.
Schedule of construction projects
Project
Facility
Resource
Approximate Nameplate Capacity (MW)
LocationCODPPA Contract Period
Projects Completed During 2022
Garland Solar Storage(a)
Battery energy storage88Kern County, CA
September 2021 through February 2022(b)
20 years
Tranquillity Solar Storage(a)
Battery energy storage72Fresno County, CA
November 2021 through
March 2022(c)
20 years
Projects Completed During 2021
Glass Sands(d)
Wind118Murray County, OKNovember 202112 years
(a)In 2020, Southern Power restructured its ownership of the project, while retaining the controlling interests, by contributing the Class A membership interests to an existing partnership and selling 100% of the Class B membership interests. During 2021, Southern Power further restructured its ownership in the battery energy storage projects and completed tax equity transactions whereby it sold the Class A membership interests in the projects. Southern Power consolidates each project's operating results in its financial statements and the tax equity partner and two other partners each own a noncontrolling interest. See Note 9 under "Lessor" for additional information.
(b)The facility has a total capacity of 88 MWs, of which 73 MWs were placed in service in 2021 and 15 MWs were placed in service in 2022.
(c)The facility has a total capacity of 72 MWs, of which 32 MWs were placed in service in 2021 and 40 MWs were placed in service in 2022.
(d)In December 2020, Southern Power purchased 100% of the membership interests of the Glass Sands facility.