Dominion Energy Executes 75 MW Power Purchase Agreement With Savion Solar Project
Savion-Developed Virginia Solar Project to Sell 75 Megawatts (MW) of Solar Power to Dominion Energy
We’re pleased to work with partners like Savion to advance solar development in Virginia, create jobs and add more sustainable energy sources to the grid.
Savion, LLC today announced that Dominion Energy Virginia signed a power purchase agreement (PPA) to receive 75 MW of renewable solar power with Wythe County Solar Project, LLC, located in Wythe County in Southwest Virginia. The power purchase agreement is subject to approval from the Virginia State Corporation Commission as part of a recent Dominion Energy filing.
The Wythe County Solar Project is expected to begin construction in mid-2021, with commercial operation targeted to commence by the end of 2022. The approximately $133 million solar facility planned for Wythe County brings the number of Savion-developed projects to four in Virginia under contract, operating, or under construction resulting in 190 MW of solar power and a total investment in excess of $285 million.
[p"The Wythe County Solar Project PPA marks the second agreement Savion has signed with Dominion Energy" said Diana Scholtes, chief commercial officer for Savion. "We remain focused on our Virginia solar energy development to assist Dominion Energy in reaching its clean energy goals, which serves as a leading contributor to the state’s advancing renewable energy market.”[/p]“Dominion Energy is committed to a cleaner energy future for our customers and the Commonwealth and solar generation is a major part of our strategy,” said Emil Avram, vice president of business development, Dominion Energy. “We’re pleased to work with partners like Savion to advance solar development in Virginia, create jobs and add more sustainable energy sources to the grid.”
Solar generation is a vital part of Dominion Energy’s comprehensive clean energy strategy. The company is expanding renewable energy to meet the objectives outlined in the Virginia Clean Economy Act (VCEA) and to achieve the companywide commitment to net zero carbon dioxide and methane emissions by 2050.
Dominion Energy is transforming how it serves customers and communities for the greater good. The details are outlined in the company’s newly released Sustainability and Corporate Responsibility Report, which can be accessed online at sustainability.dominionenergy.com.
About Dominion Energy
More than 7 million customers in 16 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050. Please visit DominionEnergy.com to learn more.
About Savion
Savion, a Green Investment Group portfolio company operating on a stand-alone basis, is one of the largest, most technologically advanced utility-scale solar and energy storage project development companies in the United States. With a growing portfolio of more than 11 GW, Savion’s diverse team provides comprehensive services at each phase of renewable energy project development, from conception through construction. As part of this full-service model, Savion manages all aspects of development for customers, partners, and project host communities. Savion is committed to helping decarbonize the energy grid by replacing electric power generation with renewable sources and delivering cost-competitive electricity to the marketplace. For further information, visit savionenergy.com.
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