Urban Grid closed sale of two solar projects in Virginia to Dominion Energy
Urban Grid has concluded the sale of its two solar projects totalling 240 MWac capacity to Dominion Energy. The projects are the:
- 98 MWac Spring Grove Solar I project
- 142 MWac Colonial Trail West Solar project
The projects are located in Surry County, Virginia, and covers an area of approximately 2,950 acres. The construction will commence in early 2019 for Colonial Trail West Solar, allowing the project to reach commercial operation in December of 2019, and allowing Spring Grove Solar I to reach commercial operation in October of 2020.
Once operational, the projects can generate power equivalent to the consumption of 60,000 homes and will provide direct and indirect economic benefits to the Commonwealth of Virginia of approximately $115.9 million.
Country updates
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August 13, 2018
Wells Fargo to finance Origis Energy’s FL Solar 5 project
Wells Fargo announced it has committed the capital in construction debt, as well as the tax-equity funding of $35 million for the new solar generation facility, known as FL Solar 5 in Orange County, F...
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August 13, 2018
Ocean Power Technologies enters into common stock purchase agreement
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August 11, 2018
VERBIO plans to acquire DuPont’s Iowa-based cellulosic ethanol project
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August 10, 2018
Ontario Power Generation enters agreement for 100% acquisition of Eagle Creek Renewable Energy
Ontario Power Generation (OGP) has entered into a purchase and sale agreement with affiliates of Hudson Clean Energy Partners and other shareholders to acquire 100% of the equity of Eagle Creek R...
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August 10, 2018
Starwood to acquire US$2.56 B energy project finance debt business
Starwood Property Trust has entered into a definitive agreement to acquire GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio for $2.56 bil...
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