Southern Company and Ted Turner Join Forces to Explore Renewable Energy Projects
26, 2010 - PRNewswire - Energy Central
Southern Company CEO David Ratcliffe
and visionary business leader and environmentalist Ted Turner today announced
a strategic alliance to pursue development of renewable energy projects in the
"This alliance unites our common goal to explore and develop
new renewable energy projects," said CEO David Ratcliffe. "We have said for some
time that renewable energy should play an increasing role in this country's energy
mix and that Southern Company would seek opportunities to expand our renewable
portfolio where it makes sense. This is evidence of that commitment."
always been passionate about developing renewable energy, and I'm excited to join
forces with Southern Company to explore our renewable energy potential," said
Ted Turner, owner of Turner Renewable Energy. "Southern Company's experience in
power project development, construction and operations, and customer relations
help make this a strong alliance, and I look forward to working together."
Southern Company and Turner will focus on developing and investing in large scale
solar photovoltaic projects in the U.S. Southwest where solar resources are currently
most efficient and in demand, with the goal of further commercializing the technology
and making it more cost competitive.
Southern Company and Turner also may
consider developing other renewable technologies.
Turner is the largest
individual landowner in North America with more than two million acres. The alliance
will explore renewable projects both on Turner land as well as other suitable
With 4.4 million customers and more than 42,000 megawatts of generating
capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy company
serving the Southeast. A leading U.S. producer of electricity, Southern Company
owns electric utilities in four states and a growing competitive generation company,
as well as fiber optics and wireless communications. Southern Company brands are
known for excellent customer service, high reliability and retail electric prices
that are below the national average. Southern Company is consistently listed among
the top U.S. electric service providers in customer satisfaction by the American
Customer Satisfaction Index (ACSI). Visit our Web site at www.southerncompany.com