- Press Releases
March 17 (Renewables Now) - Regulators in Virginia have given the green light to utility Dominion Energy’s (NYSE:D) plan to expand its solar and battery storage portfolio in the state with roughly 1 GW of fresh capacity.
Under the plan, Dominion Energy Virginia will add 15 projects through acquisitions and sign power purchase agreements (PPAs) for an additional 24 schemes owned by third-party developers. The expansion proposal was cleared by the Virginia State Corporation Commission (SCC), the utility said on Wednesday.
Once up and running, the capacity will generate enough electricity to cover the power consumption of about 250,000 homes at peak output.
The construction of the 15 solar parks and energy storage facilities will bring more than USD 880 million (EUR 797.1m) in economic benefits to Virginia. As previously announced, the bundle includes 11 utility-scale photovoltaic (PV) projects, two small-scale distributed solar projects, one PV-plus-storage scheme, and a stand-alone energy storage project. The projects are expected to be completed in 2022 and 2023.
The power off-take contracts will be signed following a competitive bidding process.
Under regulations in Virginia, Dominion is required to source 100% of its electricity sales in the state from clean energy by 2045.
(USD 1.0 = EUR 0.906)