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Dominion buys 95 MW of US solar projects from Macquarie's GIG

Solar panels in Virginia. Source: Dominion Energy.

September 26 (Renewables Now) - US utility Dominion Energy Inc (NYSE:D) announced today that one of its units has bought two solar projects in Virginia totalling 95 MW from a subsidiary of the Green Investment Group (GIG), owned by Australia’s Macquarie Group Ltd (ASX:MQG).

Specifically, Dominion Generation Inc has acquired the 80-MW Greensville Solar project near Emporia in Greensville County and the 15-MW Myrtle Solar scheme in the City of Suffolk from Savion LLC for an undisclosed sum.

Both plants are expected to be put into operation in 2020, when they will start selling power and renewable energy credits to telecommunications company T-Mobile USA Inc.

As a result of this deal, Dominion is now one-fifth of the way to its objective to have 3,000 MW of new wind and solar installed or in development in Virginia by end-2022. Since it set that goal in 2018, the company has announced plans or power purchase agreements (PPAs) for around 675 MW, it said.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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