RICHMOND, Va., Oct. 1, 2015 /PRNewswire/ -- Dominion
Virginia Power today proposed to build 56 megawatts of large-scale
solar facilities that would begin producing renewable energy by
December of 2016.
The company filed with the Virginia State Corporation Commission
(SCC) for certificates of public convenience and necessity for
three separate solar projects that would be located in Powhatan, Louisa and Isle of
Wight counties.
"These three projects represent the next step in Dominion's
commitment to build 400 megawatts of large-scale solar by 2020,"
said David A. Christian, chief
executive officer for Dominion Generation. "Combined with our
proposed solar facility near Remington, we are expecting to build 76
megawatts of solar in 2016 as we continue moving forward to put
more renewable energy on the grid for our customers."
The three projects were shown to be beneficial to customers as a
result of a competitive Request for Proposals (RFP) the
company issued in July.
The company also is pursuing power purchase agreements with
other solar developers as a result of the RFP.
If approved by the SCC, construction would start next spring,
creating 960 jobs over the next two years and provide direct and
indirect economic benefits to the state of about $74.2 million, according to a study done for the
company.
The total cost of the three projects is expected to be about
$129.5 million, excluding financing
costs. The company is requesting that it be allowed to begin
recovering the cost of the projects through a rate adjustment
clause (RAC) or "rider" that would add 7
cents to the average residential bill of $113.24. If approved the rider would take effect
Dec. 1, 2016.
https://www.dom.com/library/domcom/pdfs/virginia-power/rates/virginia-rate-updates-and-charts/residential-rate-comparison.pdf.
The three projects are:
Scott
Solar: Dominion intends to purchase this project
from Virginia Solar. The solar
facility will produce about 17 megawatts of electricity. It would
be located on 165 acres of land in Powhatan County.
Whitehouse Solar: This solar project would
generate about 20 MW and would be located in Louisa County. It will be built on a 250-acre
site.
Woodland Solar:
Dominion intends to purchase this project from Coronal Development
Services. The solar facility will produce approximately 19 MW
of electricity. It will be located in Isle of Wight County. The project will be
constructed on approximately 200 acres.
Over the course of a year the facilities are expected to produce
the equivalent of about 14 megawatts of electricity -- or enough to
power 3,500 homes.
Dominion Virginia Power is a
subsidiary of Dominion (NYSE: D), one of the nation's largest
producers and transporters of energy. Dominion has a portfolio of
approximately 20,400 megawatts of generation and 6,455 miles of
electric transmission lines, and 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/.
About Virginia Solar,
LLC
Virginia Solar, LLC is a
Richmond-based independent
developer of utility-scale solar projects in Virginia. Virginia
Solar's principals have extensive track records in
developing and installing thousands of MWs of renewable energy
capacity outside of Virginia over the last 20 years. For additional
information, please visit www.vasolarllc.com.
About Coronal Development Services, LLC
Coronal
Development Services, LLC (CDS), a division of Coronal
Group, is a leading provider of solar development solutions,
offering commercial and utility clients a fully integrated,
streamlined development solution extending from project origination
through financing, construction, and long-term operation. Coronal
Group formed CDS through the acquisition of the majority of the
assets of Virginia-based HelioSage Energy in February 2015. The combination of Coronal's
proven financing and asset management strategies, its exclusive
partnership with Panasonic Enterprise Solutions Company, and
HelioSage's deep development expertise, deliver clients and
investors with unparalleled capabilities and peace of mind. For
additional information, please
visit CoronalDevelopment.com.
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SOURCE Dominion Virginia Power