Dominion has acquired six solar development projects, totalling 139MW, from Recurrent Energy in US.
Long-term power purchase, interconnection, engineering, procurement and construction, as well as operation and maintenance agreements have been signed for each of the projects, which are situated in Fresno, Kern and Kings counties.
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Construction on the projects has been started in the first quarter of 2014, while commercial operations are slated to begin in late 2014 or early 2015.
Dominion said that all the projects are expected to qualify for the Federal Investment Tax Credit and support its growth plan.
Dominion chairman, president and CEO Thomas F. Farrell II said the projects fit well within firm’s portfolio of regulated and long-term contracted assets.
"This investment is another important step forward for Dominion as we expand our renewable energy portfolio," Farrell II added.
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By GlobalDataCurrently, Dominion owns 41MW of solar energy at sites in Georgia, Connecticut and Indiana states of the country.
The company has a portfolio of about 23,600MW of generation, 10,900 miles of natural gas transmission, gathering and storage pipeline, and 6,400 miles of electric transmission lines.
At present, Recurrent Energy is developing 2GW of solar projects in North America.
