Southern Company grid reliability program — 16 GW firm power including 5 GW new gas, 6 GW nuclear uprates/renewals, hydropower, BESS, 1300+ miles transmission in Georgia and Alabama
Largest DOE loan in department history. Issued under Office of Energy Dominance Financing (One Big Beautiful Bill Act). Projects $7B savings for GA/AL customers over 30-year term; reduces Southern Company interest expense by $300M/year. Part of Southern Company $81B five-year capex plan (2026-2030).
$26.50B
Deal Value
16,000MW
Capacity
Solar + Storage
Technology
AL, GA
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Georgia Power / Alabama Power (Southern Company subsidiaries)
- Buyer / Financier
- US Department of Energy — Office of Energy Dominance Financing
- Deal Value
- $26.5B
- Stage
- Development
- ISO/RTO
- SERC
Capital Structure
$26.5B
Total transaction value
Tranches
- Loan Guarantee · US Department of Energy — Office of Energy Dominance Financing
- $26.5B
Finance Counterparties
Lenders & Capital Providers
- loanGuarantor
- US Department of Energy
Related Deals
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
8 × 74.5 MW = 596 MW solar plants across Florida; 2.5M panels
Florida Power & Light (FPL) → FPL ratepayers
596 MW
Wind Catcher — 2,000 MW OK Panhandle (800 GE 2.5 MW turbines) + 350-mile 765kV line ($4.5B; cancelled July 2018)
AEP / Public Service of OK + SWEPCO + Invenergy → PSO + SWEPCO ratepayers
$4.5B (announced; cancelled)
ContourGlobal — 4.4 GW global power generation portfolio (gas/coal/wind/hydro/solar)
ContourGlobal plc
£281M (~$370M USD net)
Persimmon Wind — 200 MW (Cimarron Bend Stage 1 of 365 MW), Oklahoma
Quinbrook Infrastructure Partners → GE Energy Financial Services (tax equity + lead debt)
$268M
Spotsylvania Solar Energy Center — 620 MWdc; $350M tax equity (Wells Fargo)
sPower (AES/AIMCo)
$350M tax equity (full package $1B+ later)
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.