Southern Company to Build 3 Solar Farms on U.S. Army Bases

Southern's Georgia subsidiary is making big bets on solar energy.

May 15, 2014 at 2:21PM

Southern Company (NYSE:SO) announced today that it is spreading solar energy to the U.S. armed forces bases. The utility announced plans today to build, own, and operate three solar farms on Georgia army bases.

According to the company, each plant will be capable of generating approximately 30 MW of solar energy, making them the largest solar farms on any U.S. base. They will be located at Fort Stewart near Savannah, Fort Benning near Columbus, and Fort Gordon near Augusta.

"Through constructive regulation and thoughtful energy policy planning, Georgia is leading the way in developing cost-effective solar generation for customers," said Norrie McKenzie, vice president of renewable development for Southern Company subsidiary Georgia Power, in the press release. "The agreement with the U.S. Army not only marks another step for Georgia Power's solar initiatives, but further enhances the state's position as a solar leader and will strengthen both the bases and the surrounding communities."

Georgia regulators have already approved the plants, and Southern Company estimates the farms to be fully operational by 2017.

The projects are all expected to be completed at an equal or lesser cost than generating the same electricity from other fuel sources. Georgia Power is investing heavily in solar, and expects its solar capacity to clock in at nearly 900 MW by 2016, the "largest voluntary solar portfolio" in the U.S. according to the press release. Voluntary means the utility is not building the plants simply to meet a mandated energy standard.

Justin Loiseau has no position in any stocks mentioned. The Motley Fool recommends Southern Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at www.fool.com/podcasts.

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to www.fool.com/podcasts, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.

 


Compare Brokers