Dominion Virginia Power strikes deal for 110 MW of solar

Dominion Virginia Power and the Commonwealth of Virginia reached an agreement to deploy 110 MW of solar power generation. Gov. Terry McAuliffe and Dominion joined together to announce the multi-year agreement. The Commonwealth will purchase the solar-generated electricity through a long-term agreement with Dominion.

dominion solar power“This is another positive step toward furthering the new Virginia economy and will create jobs here in the Commonwealth while reducing the state’s carbon footprint,” said Gov. Terry McAuliffe. “We are committed to solar energy development, and I am pleased to work with Dominion to expand renewable generation in Virginia.”

RELATED: 56-MW of solar facilities planned by Dominion Virginia Power by end of 2016 

“Dominion agrees, solar generation is an important element of a low-carbon, balanced and diverse generation mix,” said Thomas F. Farrell II, chairman, president and chief executive officer of Dominion Resources Inc., the parent company of Dominion Virginia Power. “We are proud to partner with the Commonwealth in its pursuit of making Virginia a leader in clean energy technology.”

Dominion Virginia Power will build up to 75 percent of the solar capacity and third-party solar developers will develop 25 percent of the capacity. Dominion will work with various state agencies to determine the location and size of the individual facilities. Timeline for construction and costs will be determined as individual projects are scoped and developed.

Other Dominion customers will not experience a rate change because of this agreement. Any costs associated with this program will be paid by the state. This partnership is another example of Dominion’s commitment to increase solar in Virginia. The company announced earlier this year that it plans to add at least 400 megawatts of solar by 2020.

Have you checked out our YouTube page?

We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.

Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.

We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.

Tags: , ,