Ted Turner returns to solar
U.S. billionaire Ted Turner is taking a shine to solar power — again.
Back in 2007, Turner sold solar developer Turner Renewable Energy to solar panel maker First Solar for $34.4 million — which has since ramped up its push into developing its own solar power projects.
Now Turner is teaming up with Atlanta-based utility Southern Company to develop renewable energy in the United States. To start, they will focus on large-scale solar farms in the U.S. Southwest, where solar development is already heating up in states like California and Arizona.
Some of the projects could end up on Turner’s land. He is the largest individual land owner in North America with more than two million acres.
The move could expand the reach of Southern Company, which serves customers in Georgia, Mississippi and Florida and has more than 42 gigawatts of generating capacity.
(Photo: Philanthropist Ted Turner speaks during a panel discussion at the Clinton Global Initiative in New York in September 2009. Photo credit: Chip East / Reuters)