Dominion Resources to acquire 20-megawatt solar project in California
- June 19, 2014
Richmond-based Dominion Resources plans to acquire a 20-megawatt solar project in California from EDF Renewable Energy.
San Diego-based EDF is one of the largest independent power producers and renewable energy project developers in North America.
The solar facility, called the CID solar project, is located in King's County, near Corcoran, Calif.
“California leads the nation in solar generation and the experience and knowledge we gather there will serve us well as we expand our solar portfolio into other areas," David A. Christian, CEO for Dominion Generation, said in a statement. "This project fits well within our portfolio of regulated and long-term contracted assets."
Financial details of the acquisition were not disclosed. The deal is expected to close later this year before the project begins operations.
In April, Dominion announced the purchase of six other solar projects in California, totaling 139 megawatts. Those projects are under construction and are expected to be operational later this year.
The CID solar project acquisition will bring Dominion's total solar generating portfolio to 232 megawatts.
Along with the 159 megawatts for the California projects, the company recently obtained two Tennessee projects that will generate 32 megawatts and has 41 megawatts of solar energy facilities operating at sites in Georgia, Connecticut and Indiana.
The company also has various projects under development in Virginia as part of its Solar Partnership Program.