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Stock Market & Financial Investment News

News Breaks
January 30, 2013
07:41 EDTSOSouthern Company reports Q4 44c, consensus 40c
Reports Q4 revenue $3.7B, consensus $4.53B
News For SO From The Last 14 Days
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January 22, 2015
13:09 EDTSOSouthern Company unit and HelioSage announce 120 MW of solar in Florida
HelioSage Energy and Gulf Power Company, a Florida investor-owned electric utility and subsidiary of Southern Company, have announced the development of three large-scale solar projects across Northwest Florida totaling 120 megawatts, or MW. Gulf Power and HelioSage have partnered with the U.S. Air Force and U.S. Navy to develop the solar facilities on three military sites along the Florida Gulf Coast. Once constructed, the projects will serve as the three largest photovoltaic solar facilities in Florida, and among the largest solar projects east of the Mississippi. Following approval by the Florida Public Service Commission, HelioSage will develop, finance, and operate the solar projects. The power generated by the facilities will then be sold to Gulf Power under a long-term Energy Purchase Agreement. Collectively, the solar facilities will produce enough energy to power over 18,000 homes each year. Construction is slated to begin early next year, with the projects reaching commercial operation by Q4 FY16. The solar facilities will be constructed at Eglin Air Force Base in Fort Walton Beach, 30 MW, Holley Naval Outlying Landing Field in Navarre, 40 MW, and Saufley Naval Outlying Landing Field in Pensacola, 50 MW.

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