Dominion solar PV investment in Virginia approaches USD 1 billion

Dominion’s Powhattan solar PV plant, 71,820 panels (17 MW)
Dominion’s Powhattan solar PV plant, 71,820 panels (17 MW)

Dominion (Richmond, Virginia, U.S.)  is investing more than USD 800 million in solar power in Virginia, the company announced on February 14th, 2017. Additional solar projects are now in the planning stages.

“Our company has made a major commitment to develop significant blocks of solar generation to meet customers’ energy needs going forward,” said Paul Koonce, CEO of Power Generation at Dominion Energy.

 

Solar power for 100,000 homes

Some 398 megawatts of solar generation have either been completed or are under development throughout much of Virginia – enough to power 100,000 homes. Most of the development and construction costs will be borne by specific contractual customers such as large business and government.

In February 2015, Dominion committed to developing 400 megawatts of large-scale solar generation facilities in Virginia and placing them in service by 2020.

Additionally, legislation passed by the Virginia General Assembly in 2015 found that development by Virginia utilities of up to 500 megawatts of solar projects in the state was “in the public interest.”

“We are well ahead of schedule on the solar expansion and what we have added so far will have a very minimal impact on the price of electricity for the 2.5 million regulated customers we serve in Virginia,” Koonce said.

The Corporate Clean Energy Procurement Index, in partnership with the Retail Industry Leaders Association and the Information Technology Council, recently ranked Virginia among the top 20 states for solar power and in the top three for utility clean energy purchasing options.

In addition to building larger solar-powered units, Dominion's Solar Partnership Program has placed company-owned solar panels on leased rooftops and grounds of government and business properties throughout its Virginia service area.

 

2017-02-15 | Courtesy: Dominion | solarserver.com © Heindl Server GmbH

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