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Dominion Vitality (NYSE:D) -0.6% in Wednesday’s buying and selling because it proposed greater than a dozen new photo voltaic initiatives in Virginia, which if authorised will generate 772 MW of carbon-free electrical energy, sufficient to energy ~200K Virginia properties at peak output.
The corporate mentioned its proposal contains six photo voltaic initiatives totaling 337 MW that will likely be owned or acquired by Dominion Vitality Virginia (D), and 13 energy buy agreements totaling 435 MW with independently owned photo voltaic initiatives.
If authorised, the corporate will surpass 4,600 MW of photo voltaic in Virginia, sufficient to energy greater than 1.1M properties at peak output.
Dominion (D) estimated the price of the initiatives would add $1.54 to the common residential buyer’s month-to-month invoice.
The corporate’s preliminary venture, Coastal Virginia Offshore Wind, accomplished its closing environmental affect overview final week and is on track to receive final approval from U.S. regulators by the tip of this month, offshore wind VP Joshua Bennett informed Bloomberg, including offshore development would start in Q2 2024.