Dominion Resources (NYSE: D) has acquired three solar-power development projects near Indianapolis, Ind., from Sunrise Energy Ventures, Dominion said on July 22.
Expected to be in service before the end of 2013, the projects will use photovoltaic technology with a fixed-axis system to generate a peak combined output of 28.6 MW.
“Dominion has been adding renewable energy to its diversified generation mix and is very pleased to acquire these three solar projects,” said David Christian, Dominion Generation CEO. “These projects are consistent with Dominion’s promotion of a portfolio of efficient conventional, nuclear and renewable resources.”
The three projects are Indy Solar I, Indy Solar II and Indy Solar III. Two of the projects, located southeast of Indianapolis in Franklin Township, will be sited on 155 acres. The third, located southwest of Indianapolis, will be sited on 134 acres. The purchase price is confidential.
The projects have 15-year power purchase agreements with Indianapolis Power and Light.
AMEC, an international engineering and construction firm with U.S. headquarters in Tucker, Ga., will build the three facilities. AMEC is also building a 7.7-MW solar installation for Dominion near Augusta, Ga.
Dominion is one of the nation’s largest producers and transporters of energy, with a portfolio of approximately 27,000 megawatts of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,400 miles of electric transmission lines. Its regulated electric utility subsidiary of Virginia Electric and Power.
Indy Solar I LLC, Indy Solar II LLC and Indy Solar III LLC on Feb. 15 jointly petitioned the Indiana Utility Regulatory Commission for an order declining to exercise jurisdiction over their construction, ownership, and/or operation of, and other activities in connection with, three facilities to be located in south Marion County, Ind. The companies said they won’t operate as public utilities that serve retail customers, so they should be exempt from IURC jurisdiction.
“All sales by Joint Petitioners of electric energy produced by the Facilities will be into the wholesale market under a 15 year Purchased Power Agreement (‘PPA’) with Indianapolis Power & Light Company (‘IPL’) pursuant to the provisions of IPL’s Rate REP,” the petition said. “Under the terms of the PPA, Joint Petitioners are required to sell, and IPL is required to purchase, the entire output of the Facilities.”