On Wednesday, Dominion Resources Inc. declared its purchase of 20-megawatt solar facility in Georgia from Heliosage Energy.
Dominion is known as one of the largest producers and transporters of energy in USA. The company generates 24,600 megawatts of power, 12,200 miles of natural gas transmission, gathering and storage pipeline and 6,455 miles of electric transmission lines. The company also operates one of the country’s largest natural gas storage systems that can hold of 28 billion cubic feet of storage capacity. It currently serves utilities and retail energy customers in 13 states in USA.
Dominion is acquiring the solar facility from HelioSage energy and finalized a 20-year power purchase agreement and other interconnecting agreements with Georgia Power. The company has also signed contracts that include engineering, procurement and construction. The acquired 20-megawatt Richard Solar Center is situated in Twiggs County, Georgia and likely to enter service before the end of this year.
On the purchase, the company’s chief executive officer David A. Christian stated, “The Richland acquisition adds to our diverse generation fleet fuel mix and furthers Dominion’s goal of having 625 megawatts of contracted solar generating capacity in service by the end of 2016.” The solar facility is yet to meet the qualifications for the federal Investment Tax Credit.
In the Dominion’s press release, “Dominion’s total contracted solar generating portfolio consists of 364 megawatts in operation or under in California, Connecticut, Georgia, Indiana, Tennessee and Utah. The 7.7-megawatt Azalea Solar Power Facility, located outside Davisboro, Ga., is also owned and operated by Dominion. The company plans to develop up to 400 megawatts of utility solar generation in Virginia by 2020.