Southern Company And Ted Turner Acquire Second Solar Photovoltaic Power Project From MEMC Electronic Materials 's SunEdison

Southern Company and Turner Renewable Energy founder Ted Turner announced that the companies have acquired and will bring on line a 20 megawatt solar photovoltaic power plant in Nevada. The Apex Solar Project was acquired from and was built by SunEdison, a global provider of solar energy services and a subsidiary of MEMC Electronic Materials. Turner, an internationally renowned philanthropist and environmentalist, teamed with Southern Company in January 2010 to form a strategic alliance to pursue development of renewable energy projects in the United States. Southern Company and Turner are focusing on developing and investing in solar photovoltaic projects in the Southwest, where solar resources are in demand. The partnership's first project was acquisition and development of the 30-megawatt Cimarron Solar Facility on land adjacent to Turner's Vermejo Park Ranch near Raton, N.M. Terms of the transaction were not disclosed