•  Global Renewable News
BACK SEND PRINT

Dominion Energy
Dominion Energy Acquires, Plans to Acquire Four North Carolina Solar Energy Projects



Aug 7, 2017

Dominion Energy (NYSE: D) announced that it has acquired two 5-megawatt (AC) solar generating facilities and plans to purchase two other solar farms totaling approximately 10 megawatts (AC) later in the third quarter from subsidiaries of Chapel Hill, N.C.-based Strata Solar.  

Dominion Energy's solar portfolio in North Carolina and Virginia includes more than 600 megawatts of capacity owned by one of the company's generation-holding subsidiaries and more than 500 megawatts of solar capacity under contract by Dominion Energy's electric utilities in the two states. Together, these arrays could produce enough electricity to power 275,000 homes and businesses.

"With these acquisitions, Dominion Energy is well on its way to bringing into service more than 700 megawatts of solar energy in North Carolina and Virginia by the end of 2018," said Keith Windle, vice president - Business Development & Merchant Operations. "We will continue to develop and acquire clean energy projects that help customers meet their energy needs."

Dominion Energy has closed on the two 5-megawatt facilities in North Carolina - Fremont in Wayne County and Moorings 2 in Lenoir County. The company expects to purchase the Clipperton and Pikeville projects - each about 5 megawatts (AC) and under construction in Sampson County and Wayne County, respectively - when they are completed, anticipated later in the third quarter.

Agreements are in place for sale of the offtake from the solar facilities.

Dominion Energy has more than 2,000 megawatts of solar generating capacity - including company-owned assets and assets that are contracted by Dominion Energy utilities - in operation or under development in nine states.

About Dominion Energy
Dominion Energy is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 25,700 megawatts of generation, 15,000 miles of natural gas transmission, gathering and storage pipeline, and 6,600 miles of electric transmission lines. Dominion Energy operates one of the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves more than 6 million utility and retail energy customers. For more information about Dominion Energy, visit the company's website at www.DominionEnergy.com.

CONTACT
Media
Ryan Frazier
(804) 819-2521
C.Ryan.Frazier@dominionenergy.com
Financial analysts
Kristy Babcock
(804) 819-2492
Kristy.R.Babcock@dominionenergy.com

For more information :

Organization:
Dominion Energy

Address:
120 Tredegar St
Richmond, Virginia
United States, 23261-6532
www.DominionEnergy.com

             

Link http://globalrenewablenews.com/detail_news.php?ID=649650
BACK SEND PRINT
Most consulted news
Click here to try the new version of Global Renewable News!