Dominion Solar invests in Virginia more than $800 million
Post date: 16/02/2017 - 18:24
The US utility Dominion Virginia Power is investing more than $800 million in solar power in Virginia, with much of it being built at little or no cost to most customers. Additional solar projects are now in the planning stages. »The cost of energy powered by the sun is coming down and we are working hard to develop projects in new and economical ways for our customers,« said Paul Koonce, CEO of Power Generation at Dominion Energy. Some 398 megawatts of solar generation have either been completed or are under development throughout much of Virginia. Most of the development and construction costs will be borne by specific contractual customers such as large business and government.
More than 80 percent of the cost of the facilities is being covered by large business and government customers, including the Commonwealth of Virginia and the University of Virginia, who signed long-term contracts with Dominion to develop the generation. In addition to building larger solar-powered units, Dominion's Solar Partnership Program has placed company-owned solar panels on leased rooftops and grounds of government and business properties throughout its Virginia service area.
Dominion want to install 500 MW of solar projects in the state until 2020.