RES will serve as the lead developer and balance-of-plant constructor for the projects. Southern Power has signed agreements to purchase wind turbine equipment from both Siemens and Vestas.
"This innovative joint development agreement demonstrates RES' tremendous commercial flexibility," stated Glen Davis, President and CEO of RES in the Americas. "We're very excited to join forces with Southern Power, one of the premier owners and investors in renewable energy assets in the US, to drive the successful completion of this project portfolio. The wind capacity resulting from this effort will create economic benefits and grow job opportunities in renewable energy, and further enable our clients to reduce their carbon footprint."
Canadian Imperial Bank of Commerce (CIBC) served as financial advisor to RES for the transaction. Globally, RES has constructed (or currently has under construction) 101 projects to date, totaling more than 9,600 MW.
About RES in the Americas
Since 1997, RES has been providing development, engineering, construction, and operations services to the utility-scale wind, solar, transmission, and energy storage markets across the Americas. The company employs more than 500 full-time professionals and has over 9,000 MW of utility-scale renewable energy and energy storage projects and has constructed more than 1,000 miles of transmission lines throughout the U.S. and Canada. RES' U.S. corporate office is located in Broomfield, CO with regional offices located in Austin, TX, Minneapolis, MN, Old Saybrook, CT, and Sacramento, CA. Globally, RES has developed and/or built over 12 GW of renewable energy capacity, has an asset management portfolio exceeding 2 GW, and is active in a range of renewable technologies including wind, solar, energy storage, and transmission.
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