ATLANTA, Dec. 9, 2016 /PRNewswire/ -- Leaders from Georgia Power and the U.S. Army joined elected officials, community leaders and other dignitaries at Fort Stewart near Hinesville, Ga. today to dedicate a new 30 megawatt (MW) on-base solar facility. The 30 MW alternating current, or 42 MW direct current, solar generation facility is the fourth completed by Georgia Power in collaboration with the military, joining similar on-base solar facilities recently unveiled with the U.S. Army at Forts Benning and Gordon, as well as the Department of the Navy (DON) at Naval Submarine Base (SUBASE) Kings Bay.
Georgia Power is currently developing more than 150 MW of solar generation to serve the state's electric customers through five large-scale projects with the U.S. Army and DON. Construction of the fifth project at Marine Corps Logistics Base (MCLB) Albany is currently underway.
"Completing the third and final installment of our collaborative 3x30 solar program with the U.S. Army is a tremendous accomplishment for our company and our customers who will benefit from this energy source," said Norrie McKenzie, vice president of renewable development for Georgia Power. "Since we announced these projects in May of 2015, the Army has been a steadfast partner and truly recognizes the importance of renewable energy for the base, the community, the state and the country."
The Fort Stewart solar facility was built and is owned and operated by Georgia Power with energy delivered to the state's electric grid at or below the company's avoided cost (the amount projected it would cost the company to generate comparable energy from other sources). Including related transmission and distribution infrastructure, the solar project at Fort Stewart occupies 250 acres, utilizes approximately 139,200 ground-mounted photovoltaic (PV) panels and is estimated to represent a $75 million investment at the installation.
In coordination with the Georgia Public Service Commission (PSC), Georgia Power continues to develop renewable energy as part of a diverse generation portfolio through programs designed to prevent upward pressure on customer rates. Through the company's various solar initiatives, millions of solar panels are being added to Georgia's energy landscape. Most recently, Georgia Power received approval from the Georgia PSC to add up to 1,600 MW of new renewable generation by 2021, as well as new demonstration projects to study wind and solar generation opportunities as part of its 2016 Integrated Resource Plan (IRP).
A leader in renewable development, Georgia Power was recently included in the Smart Electric Power Alliance's (SEPA) annual Top 10 Utility Solar list in recognition of solar connections to the state's electric grid in 2015 and was previously named the 2014 Investor-Owned Utility of the Year by the organization. To learn more about Georgia Power's solar programs, including resources available for residential and business customers considering solar energy, visit www.GeorgiaPower.com/Solar.
About Georgia Power Georgia Power is the largest subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.5 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. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. 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 renewable energy projects. 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, 2015, 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 and 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.