ATLANTA, July 15, 2015 /PRNewswire/ -- Georgia Power
has announced a major milestone in the development of a new 30
megawatt (MW) AC solar generation facility at Naval Submarine Base
(SUBASE) Kings Bay in St. Marys, Ga. The company recently
executed a real estate outgrant with the Department of the Navy
(DON) which authorizes the company to use land on the base for the
solar project. The agreement marks the start of a new collaboration
between DON and Georgia Power where the company will develop
renewable energy that will further diversify the company's energy
portfolio and increase DON's energy security.
"Our innovative solar partnerships with the state's military
bases, including SUBASE Kings Bay, are growing solar in
Georgia, strengthening
Georgia military bases, and
stimulating investment in Georgia
communities," said Norrie McKenzie,
vice president of Renewable Development for Georgia Power. "Our
latest project with the DON will add even more cost-effective solar
energy to our state and further execute on our strategy of
identifying opportunities for renewable growth to benefit our
customers and partners."
The outgrant provides Georgia Power access to 258 acres of land
at SUBASE Kings Bay for the development of ground-mounted solar
photovoltaic (PV) panels to deliver energy to the state's electric
grid. The company expects to break ground on the project late
summer and bring the facility online by the end of 2016. The
project will be brought online at or below the company's avoided
cost, the amount projected it would cost the company to generate
comparable energy from other sources. The solar project at
SUBASE Kings Bay is estimated to represent a $75 million investment at the
installation.
"We are excited to partner with Georgia Power to develop a large
cost-effective renewable energy project that will enhance the
Navy's energy security and operational capability," said Captain
James Jenks, SUBASE Kings Bay
commanding officer. "This project is important in meeting the
Secretary of the Navy's energy goals."
Working with the Georgia Public Service Commission, Georgia
Power is adding renewable energy as part of a diverse generation
portfolio and fueling the state's momentum as one of the fastest
growing solar markets in the nation. Through its various solar
programs, the company is adding thousands of solar panels to
Georgia's energy landscape. To
learn more about Georgia Power's various solar programs, including
resources and services available for homeowners, visit
www.GeorgiaPower.com/Solar.
About Georgia Power
Georgia Power is the largest
subsidiary of Southern Company (NYSE: SO), one of the nation's
largest generators of electricity. Value, Reliability,
Customer Service and Stewardship are the cornerstones of the
company's promise to 2.4 million customers in all but four of
Georgia's 159 counties. Committed
to delivering clean, safe, reliable and affordable energy at rates
below the national average, Georgia Power maintains a diverse,
innovative generation mix that includes nuclear, 21st century coal
and natural gas, as well as renewables such as solar, hydroelectric
and wind. Consistently recognized as a leader in customer service,
Georgia Power was recently ranked highest in overall business
customer satisfaction among large utilities in the South by J.D.
Power and Associates. For more information, visit
www.GeorgiaPower.com and connect with the company on Facebook
(Facebook.com/GeorgiaPower) and Twitter
(Twitter.com/GeorgiaPower).
Cautionary Note Regarding Forward-Looking
Statements
Certain information contained in this
release is forward-looking information based on current
expectations and plans that involve risks and uncertainties.
Forward-looking information includes, among other things,
statements concerning the development, completion of construction
and cost of the Kings Bay solar
project. Georgia Power Company cautions that there are certain
factors that can cause actual results to differ materially from the
forward-looking information that has been provided. The reader is
cautioned not to put undue reliance on this forward-looking
information, which is not a guarantee of future performance and is
subject to a number of uncertainties and other factors, many of
which are outside the control of Georgia Power Company;
accordingly, there can be no assurance that such suggested results
will be realized. The following factors, in addition to those
discussed in Georgia Power
Company's Annual Report on Form 10-K for the year ended
December 31, 2014, and subsequent
securities filings, could cause actual results to differ materially
from management expectations as suggested by such forward-looking
information: the ability to control costs and avoid cost overruns
during the development and construction of generating facilities,
to construct facilities in accordance with the requirements of
permits and licenses, to satisfy any operational and environmental
performance standards, including the requirements of tax credits
and other incentives, and to integrate facilities into the Southern
Company system upon completion of construction; and potential
business strategies, including acquisitions or dispositions of
assets or businesses, which cannot be assured to be completed or
beneficial to Georgia Power Company. Georgia Power Company
expressly disclaims any obligation to update any forward-looking
information.
Logo - http://photos.prnewswire.com/prnh/20050216/CLW066LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/subase-kings-bay-30-mw-solar-project-moving-forward-300114009.html
SOURCE Georgia Power