Nearly 20 new solar and energy storage projects have been approved by the Virginia State Corporation Commission (SCC) to address the increasing demands of Dominion Energy Virginia customers.
These projects will produce over 800 megawatts (MW) of emission-free electricity, which is sufficient to power roughly 200,000 homes in Virginia at their maximum output. Since renewable energy does not rely on fuel, these projects are predicted to provide customers with more than $250 million in fuel savings within the first decade of their operation.
"This is another big step forward in delivering reliable, affordable, and cleaner energy to our customers," said Ed Baine, President of Dominion Energy Virginia. "These projects will bring jobs and economic opportunity to our communities, and they will deliver fuel savings for our customers. That's a win-win for Virginia."
Solar and Energy Storage Projects
The Virginia State Corporation Commission (SCC) has granted approval for 10 projects, comprising nine solar and one energy storage projects, which will be owned and managed by Dominion Energy Virginia, and will have a collective capacity of almost 500 MW.
Two of the solar projects, Kings Creek Solar and Ivy Landfill Solar, will be constructed on previously developed land, with Ivy Landfill Solar being Dominion Energy Virginia's first solar project established on a former landfill.
Furthermore, the SCC has authorized power purchase agreements (PPAs) with 13 solar and energy storage projects, amounting to over 300 MW, which are owned by independent developers.
The development of these projects is predicted to create employment for numerous individuals and generate economic benefits exceeding $920 million throughout Virginia. Additional details about the utility-owned projects are below:
The SCC's approval will add approximately $0.38 to the average residential customer's monthly bill, with the construction of the fuel-cost-free renewable projects expected to be complete by 2025. Dominion Energy Virginia's rates remain below the national, mid-Atlantic, and east coast averages.