Dominion Announces Renewable Energy Sales Agreements With MIT, Boston Medical Center, Post Office Square Redevelopment Corporation
As part of its long-term plan to bring online at least 500 megawatts of solar electric generating capacity in North Carolina and Virginia, Dominion (NYSE: D) today announced it has acquired the development rights for the 60-megawatt (AC) Summit Farms Solar facility in Currituck County, N.C. The solar facility is expected to enter service in December 2016. A subsidiary of Dominion Energy, Inc., a wholly owned subsidiary of Dominion, purchased Summit Farms from SunEnergy1, which developed and is the construction contractor on the project. Summit Farms, located on about 650 acres near Moyock, N.C., has 25-year power purchase agreements with the Massachusetts Institute of Technology, Boston Medical Center and Post Office Square Redevelopment Corporation.
“We are pleased to partner with these three outstanding organizations to add more carbon-free generation to the electric grid,” said Paul D. Koonce, chief executive officer of the Dominion Generation Group, which oversees 25,700 megawatts of electric generating capacity in 11 states, including solar in operation or under development in eight states. “We will continue to seek similar opportunities helping large and small energy consumers alike reduce their carbon footprint.”
Other large-scale solar projects Dominion has announced in North Carolina and Virginia include:
- Morgans Corner Solar (Virginia Electric and Power Company); Pasquotank County, N.C.; 20 megawatts (AC); in-service: December 2015;
- Amazon Solar Farm U.S. East (Dominion Energy, Inc.); Accomack County, Va.; 80 megawatts (AC); expected in-service: 2016;
- Scott Solar (VEPCO); Powhatan County, Va.; 17 megawatts (AC); expected in-service: 2016;
- Whitehouse Solar (VEPCO); Louisa County, Va.; 20 megawatts (AC); expected in-service: 2016;
- Woodland Solar (VEPCO); Isle of Wight County, Va.; 19 megawatts (AC); expected in-service: 2016;
- Remington Solar (VEPCO); Fauquier County, Va.; 20 megawatts (AC); expected in-service: late 2017; and
- Oceana Solar (VEPCO); Virginia Beach, Va.; 18 megawatts (AC); expected in-service: late 2017.
Dominion has electric generation facilities powered by the sun in California, Connecticut, Georgia, Indiana, North Carolina, Tennessee, Utah and Virginia. CustomerFirst Renewables, an advisory services firm, structured and negotiated the energy solution on behalf of MIT, Boston Medical Center and Post Office Square Redevelopment Corporation.
