RICHMOND, Va., April 15, 2015 /PRNewswire/ -- Dominion
(NYSE: D) today announced the acquisition of a 20-megawatt solar
facility in Georgia from HelioSage
Energy. The facility is expected to enter service in 2015.
The Richland Solar Center is located in Twiggs County near Jeffersonville, Ga. It has secured a 20-year
power purchase agreement (PPA) and interconnection agreements with
Georgia Power. An engineering, procurement, construction (EPC)
contract has also been signed.
David A. Christian, chief
executive officer of Dominion Generation, said:
"The Richland acquisition adds
to our diverse generation fleet fuel mix and furthers Dominion's
goal of having 625 megawatts of contracted solar generating
capacity in service by the end of 2016."
The Richland Solar Center is expected to qualify for the federal
Investment Tax Credit.
Dominion's total contracted solar generating portfolio consists
of 364 megawatts in operation or under development in California, Connecticut, Georgia, Indiana, Tennessee and Utah. The 7.7-megawatt Azalea Solar Power
Facility, located outside Davisboro,
Ga., is also owned and operated by Dominion. The company
plans to develop up to 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