RICHMOND, Va., May 1, 2015 /PRNewswire/ -- Dominion (NYSE: D)
today announced the acquisition of a 20-megawatt solar facility in
California from E.ON North America (www.eon.com). The facility is
expected to enter service in the second quarter of 2015.
Alamo Solar is located in San
Bernardino County near Helendale,
Calif. It has secured a 20-year power purchase agreement
(PPA) and an interconnection agreement.
"Dominion is delighted to continue developing solar energy,"
said David A. Christian, Dominion
Generation's chief executive officer. "Solar power provides
important fuel diversity in our fleet's electric generation
mix."
Alamo Solar is expected to qualify for the federal Investment
Tax Credit.
Dominion's total contracted solar generating portfolio consists
of 384 megawatts in operation or under development in California, Connecticut, Georgia, Indiana, Tennessee and Utah. The acquisition of Alamo brings Dominion's solar portfolio in
California to 241 megawatts.
The company also plans to develop 400 megawatts of utility solar
generation in Virginia by
2020.
Dominion is one of the nation's largest producers and
transporters of energy, with a portfolio of approximately 24,600
megawatts of generation, 12,200 miles of natural gas transmission,
gathering and storage pipeline, and 6,455 miles of electric
transmission lines. Dominion operates one of the nation's
largest natural gas storage systems with 928 billion cubic feet of
storage capacity and serves utility and retail energy customers in
13 states. For more information about Dominion, visit the company's
website at www.dom.com.
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SOURCE Dominion