Dominion Energy acquires 10 MW solar farm from Hecate Energy
Dominion Energy has announced that it has acquired Clarke County Solar, a 10 MW solar power facility in Clarke County, Va., from the project's developer, an affiliate of Chicago-based Hecate Energy, LLC.
The company also announced plans to purchase a 20 MW solar farm under construction in Northampton County, Va. – also from developer Hecate Energy – in the third quarter of 2017.
With these additions, Dominion Energy's solar portfolio would include 25 facilities in 23 Virginia localities with about 409 MW of solar generating capacity, which can produce enough power to serve more than 100,000 homes and business around the state. Dominion Energy could also add at least 5,200 MW of solar in Virginia over the next 25 years to meet its customers' energy needs.
Clarke County Solar, located on a 117-acre parcel of land in White Post, Va., has entered service, and was acquired by a subsidiary of Dominion Generation, Inc., a wholly owned subsidiary of Dominion Energy. That subsidiary also has agreed to purchase upon completion the Cherrydale facility on 180 acres in Kendall Grove, Va., in Northampton County on Virginia's Eastern Shore. That transaction is expected to close in the third quarter of 2017. Nearly 300 jobs have been created during peak construction of the Clarke County and Cherrydale projects. DEPCOM Power, Inc., has served as the engineering, procurement and construction contractor.
Long-term power purchase agreements for both projects are in place with Old Dominion Electric Cooperative (ODEC) for the offtake from these facilities.
Thomas F. Farrell, II, chairman, president and chief executive officer of Dominion Energy, said:
"Dominion Energy is pleased to aid in the expansion of solar power in the Commonwealth of Virginia. We see great promise in clean solar energy and believe it will be an ever-increasing portion of our company's fuel mix over the decades to come"
Jack Reasor, president and CEO of ODEC, stated:
"Entering into this agreement is evidence of our commitment to supporting the development and production of renewable energy resources. We are dedicated to being both reliable power providers to our member-owners and responsible environmental stewards. ODEC and Dominion Energy have a very successful history of partnerships that we look forward to continuing with these projects"
Country news
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