Competitive bidding process now open as part of continuing REDI program
Atlanta, GA /PRNewswire/ - Georgia Power is continuing to grow renewable energy in Georgia through the Renewable Energy Development Initiative (REDI), originally approved by the Georgia Public Service Commission (PSC) in 2016. The company is now accepting bids for new solar distributed generation (DG) projects through a Request for Proposal (RFP) for more than 100 megawatts (MW) as part of the REDI.
"We are committed to developing cost-effective renewable resources through a competitive bidding process that continues to evolve and improve based on our experience," said Wilson Mallard, director of Renewable Development for Georgia Power. "Renewable energy is thriving in Georgia and we are excited to begin receiving, reviewing and selecting new projects that provide the most value to our customers."
Georgia Power is soliciting eligible projects that will range from 1-kilowatt (kW) installations up to 3-MW solar farms. Interested parties are invited to review terms of the RFP and submit projects here by noon on August 15.
The company also encourages customers who do not participate in the REDI program to consider optional programs such as Georgia Power Community Solar and Simple Solar. Community Solar gives residential customers who subscribe the opportunity to earn a bill credit based on actual solar energy production at Georgia Power's Community Solar facilities. The Simple Solar program is a solar renewable energy credit (REC) purchase program available to all customers that allows participants to claim solar benefits for either 50 percent or 100 percent of their energy usage.
Through programs and projects developed in coordination with the Georgia PSC, Georgia Power is committed to maintaining a diverse generation portfolio while providing all customers with renewable energy options. With 970 MW* of solar capacity currently online, the company continues to have the largest voluntary renewable portfolio in the nation. Through continued development of REDI, as well as other solar projects and programs, Georgia Power expects to add up to 1,600 MW* of additional renewable capacity by the end of 2021.
To learn more about Georgia Power's various solar programs, as well as solar tools and resources for customers, visit www.GeorgiaPower.com/Solar.
* REC Disclaimer: Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated RECs is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric 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, 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), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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 expected renewable growth. Georgia Power 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; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2017, 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 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. Georgia Power expressly disclaims any obligation to update any forward-looking information.