Dominion, a US-based energy producer, has acquired a solar energy development project from Smart Energy Capital and Jacoby Development for an undisclosed purchase price.
The 7.7MW Azalea Solar Power Facility will be located on 16 hectares of farmland near Augusta in the US state of Georgia. As owner of the project, Dominion will select a contractor and oversee the construction of the project.
The project has already secured a 25-year power purchase agreement with Cobb Electric Membership Corp, a local electric cooperative.
The Azalea Solar Power Facility is expected to begin commercial operation by December 2013.
“The addition of this solar project to Dominion's generation portfolio is consistent with our philosophy, which recognises that affordable and reliable electric supply depends on a proper balance of all types of generation: nuclear, clean coal, biomass, natural gas, hydro-power, wind and solar,” said Thomas F. Farrell II , Chairman, President and Chief Executive Officer. “Dominion is excited to add its first generation-scale solar project to its energy mix.”