US energy producer Dominion has reached an agreement with renewable energy developer EDF Renewable Energy to obtain two PV projects – totalling 42MW – in California.
Deals to acquire both installations – the Cottonwood and Catalina Solar 2 projects – are expected to close in 2015.
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The 24MW Cottonwood project, which is expected to commence operations in the first half of 2015, has already signed off on both a 25-year power purchase agreement (PPA) and an engineering, procurement and construction (EPC) contract.
The 18MW Catalina Solar 2 project, expected to be complete in the second quarter of 2015, has already signed off on 20-year PPA and EPC deals.
David A. Christian, chief executive officer of Dominion Generation, said: “These planned acquisitions would increase our renewable energy generation and align with our portfolio of regulated and long-term contracted assets. We are working to identify additional solar projects to boost Dominion's renewable energy portfolio and support our long-term growth plan.”
With these two new acquisitions, Dominion’s total PV generating capacity stands at 274MW.
Dominion was not finished with making news Monday, as Dominion Virginia Power selected Capital One’s Chester facility to hold the company’s first ground-mounted PV system in central Virginia.
Bobby Magnano, senior vice president of Enterprise Services, said: “At Capital One, we understand that our success is invariably linked to the well-being of the communities we serve. We support the meaningful work Dominion is doing to expand the use of community-based solar energy throughout Virginia, and we are proud to serve as their partner in this effort. Environmental sustainability is and will continue to be an important aspect of our operations at Capital One.”
The installation is part of Dominion Virginia Power’s Solar Partnership Program, which is designed to help expand the reach of solar energy in Virginia.