Dominion buys three solar projects in Indiana
- July 22, 2013
In its largest solar acquisitions, Richmond-based Dominion said Monday that it has acquired three solar-power development projects near Indianapolis, Ind., from Sunrise Energy Ventures. The purchase price was not disclosed.
Expected to be in service by the end of this year, the projects will use standard photovoltaic technology to generate a peak combined output of 28.6 megawatts of electricity.
“Dominion has been adding renewable energy to its diversified generation mix and is very pleased to acquire these three solar projects,” David Christian, Dominion Generation CEO, said in a statement. “These projects are consistent with Dominion’s promotion of a portfolio of efficient conventional, nuclear and renewable resources.”
The three projects are known as Indy Solar I, Indy Solar II and Indy Solar III. Two of them, located southeast of Indianapolis in Franklin Township, will be sited on 155 acres. The third, located southwest of Indianapolis, will be sited on 134 acres. Dominion said all the projects are on flat agricultural and forest land well suited for solar installation.
The company has 15-year power purchase agreements with Indianapolis Power and Light Company.
AMEC, an international engineering and construction firm with a U.S. headquarters in Tucker, Ga., will build the three facilities. AMEC also is building a 7.7 megawatt solar installation for Dominion near Augusta, Ga.