Virginia Utility Seeking Approval for 772 MW of Solar

In its quest to expand clean energy options for Virginia customers, Dominion Energy Virginia has submitted its fourth annual clean energy filing to the Virginia State Corporation Commission (SCC). Under this proposal, Dominion Energy Virginia aims to develop over a dozen new solar projects, collectively generating a substantial 772 MW of electricity.

The comprehensive proposal entails the ownership or acquisition of six solar projects, contributing a total capacity of 337 MW. Additionally, Dominion Energy Virginia seeks power purchase agreements (PPAs) for 13 independently owned solar projects, resulting in an additional 435 MW of solar power. The selection of these PPAs was conducted through a competitive solicitation process.

This proposed expansion represents a significant milestone for Dominion Energy, cementing its position as the second-largest solar fleet operator in the United States. Upon approval, the company’s solar capacity in Virginia will exceed an impressive 4.6 GW.

The construction of these projects is estimated to stimulate the creation of more than 1,600 jobs and generate economic benefits surpassing $570 million across the state of Virginia.

It is important to note that in addition to obtaining approval from the SCC, Dominion Energy’s utility-owned projects will necessitate local and state permits before commencing construction. The anticipated completion dates for these projects are expected to fall between 2024 and 2026.

As Dominion Energy Virginia takes substantial strides towards a cleaner and more sustainable future, the ultimate approval of these solar projects will not only strengthen the company’s renewable energy portfolio but also play a vital role in advancing Virginia’s progress towards meeting its clean energy goals.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.

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