Dominion Energy Invests $1B in Solar

The Solar Energy Industries Association ranks Dominion Energy the sixth largest among U.S. electric utilities.

More money is being invested into the solar industry by the renewable energy companies.

Dominion Virginia Power parent company Dominion Energy is investing $1 billion in its solar fleet in Virginia and North Carolina, and now ranks among utilities with the largest solar portfolios, either operating or under development.

The Solar Energy Industries Association ranks Dominion Energy the sixth largest among U.S. electric utilities.

Dominion Energy’s solar projects have grown to 1,350 megawatts in service, in construction or under development over the past two years. Dominion Energy said that is enough to power 340,000 homes during peak sunshine.

In Virginia, Dominion Energy has 27 solar generating facilities covering nearly 4,700 acres either in operation or under development.

Dominion has several high-profile solar projects in the works, including one to power Facebook’s $750 million data center in Henrico County and a partnership with Amazon Web Services to sell power produced by two of the largest solar farms in the mid-Atlantic that Dominion will develop.

Pail Koonce, President and CEO of Dominion Energy’s Power Generation Group, said, “More and more companies have set their own goals for renewable energy and we will back them.”

“Our programs are intended to meet their needs and help strengthen Virginia’s reputation as the ideal place to do business.”

In addition to projects in Virginia, the company has 13 projects totaling 353 MW either online or scheduled to be in service by 2019 in North Carolina.

Dominion said during construction, its solar projects have to date created 4,300 jobs in Virginia and North Carolina

Source: WTOP