Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Regions Central Virginia Dominion Virginia Power to invest $700 million in large-scale solar projects

Dominion Virginia Power to invest $700 million in large-scale solar projects

Published February 5, 2015 by Paula C. Squires

Dominion Virginia Power said Thursday that it is planning to develop multiple large-scale solar projects totaling 400 megawatts of electricity. All projects will be built in Virginia with the involvement of Virginia-based companies and are expected to be operational by 2020. Together, the solar facilities are anticipated to be capable of generating enough electricity at peak capacity to power 100,000 homes.

“Our commitment to solar energy is an important part of the immediate future of our state,” Thomas F. Farrell II, chairman, president and CEO of Dominion Resources, said in a statement. “We appreciate the governor’s efforts to promote renewable energy in our commonwealth. Technology has evolved in such a way that we see a long-term benefit for our customers and will work to lead the way in solar generation.”

According to Dominion, solar costs continue to decline, and the most cost-effective way to deploy solar is through large-scale projects. Dominion expects to invest $700 million in the projects. The company said it is working to identify and select construction sites through a site-selection process that includes evaluating the slope and terrain of land, as well as other electrical and environmental factors.


Delegate David E. Yancey, R-Newport News, supports expanding solar projects in Virginia and is sponsoring legislation during the 2015 Virginia General Assembly that promotes utility-scale solar. “I believe these solar projects that Dominion is planning will offer Virginia the most cost-effective path forward, while cultivating our local solar industry,” he said.

Last month, Dominion announced that it had filed an application with the State Corp. Commission (SCC) to build Virginia’s first large-scale solar project, a 20-megawatt project near its Remington Power Station in Fauquier County. Remington and the newly announced projects will require approval by the SCC.

Currently, Dominion has 744 megawatts of solar generating capacity in development, under construction or in operation across seven states. It says the investment positions the company as one of the nation’s leading producers of solar among publicly-traded utility companies, according to today's data from SNL Financial.

Related Stories

Virginia Business logo

Dominion says 50 percent of its electricity in 2013 came from carbon-free sources

Virginia Business logo

New business-oriented group sponsored by pipeline developers supports Atlantic Coast Pipeline

Virginia Business logo

Charlottesville energy companies move toward merger

Tiger Fuel Co. acquired 40% of the shares of Altenergy Inc.

Trending

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Norfolk’s MacArthur Center mall listed for sale

Making strides

Framatome CEO retiring; CFO to be promoted

Manassas company to develop short takeoff, landing aircraft for Air Force

Sponsored Stories

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Norfolk’s MacArthur Center mall listed for sale

Making strides

Framatome CEO retiring; CFO to be promoted

Manassas company to develop short takeoff, landing aircraft for Air Force

Sponsored Stories

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk