Dominion Power Virginia’s Puller Photo voltaic facility in Middlesex County, Virginia. Dominion Power
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Utility regulator the Virginia State Company Fee has accredited greater than a dozen new photo voltaic tasks within the state with 764 megawatts (MW) of complete electrical energy capability — sufficient energy for almost 200,000 houses throughout peak output, a press launch from Dominion Power stated.
The tasks embody 4 photo voltaic amenities with 329 MW of capability that Dominion Power will personal or purchase, in addition to an extra 435 MW offered by independently owned photo voltaic tasks, reported Reuters.
“These tasks ship on our promise of dependable, inexpensive and more and more clear power for our clients,” stated Dominion Power Virginia President Ed Baine within the press launch. “By our investments in offshore wind, battery storage and photo voltaic, Virginia continues to make progress on its clear power transition.”
As soon as the photo voltaic tasks are accredited, the utility stated Dominion Power can have photo voltaic tasks with greater than 4,600 MW within the state and capability to energy greater than 1.1 million houses throughout peak instances, Reuters reported.
The photo voltaic tasks had been initially proposed in October of final yr, as Dominion sought to benefit from the Inflation Discount Act’s billions of {dollars} in direct funds and tax credit for renewable power, reported Reuters.
Dominion’s photo voltaic fleet is the second largest in the US, the press launch stated. The brand new tasks will create greater than 1,600 jobs whereas producing financial advantages of greater than $570 million for the state.
Roughly six million power clients in 15 states use pure gasoline or energy from Dominion Power, which has its headquarters in Richmond, Virginia.
Completion of the brand new photo voltaic tasks is predicted by 2026, with native and state permits required earlier than building can start.
The tasks are predicted so as to add roughly $1.54 to the common month-to-month invoice of a residential buyer. Proper now, Dominion Power’s charges are 31 % decrease than the common for the Mid-Atlantic and 12 % decrease than the nationwide common.
Based on the Photo voltaic Power Industries Affiliation (SEIA), as of the fourth quarter of 2023, Virginia had a complete of 4,841 MW of photo voltaic put in, with 6.56 % of the state’s complete electrical energy technology coming from photo voltaic. The state ranked eleventh within the nation for complete photo voltaic capability with sufficient to energy 585,088 houses.
Virginia had invested $5.7 billion in photo voltaic, and the variety of photo voltaic corporations within the state was 208, offering 4,753 photo voltaic jobs. Previously decade, photo voltaic costs in Virginia have gone down 47 %.
“[A]fter a coordinated lobbying effort by clear power advocates, environmental organizations and plenty of different stakeholders, Virginia handed the Clear Economic system Act, which is able to create as much as 29,000 photo voltaic jobs whereas offering monumental market alternatives for each distributed technology and utility scale photo voltaic,” SEIA stated. “SEIA stays energetic in business discussions about how one can implement [Virginia Clean Economy Act] and steerage round Virginia’s new zero-carbon technology and power storage necessities.”
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