Dominion (NYSE: D) said May 7 that it has acquired two stand-alone solar energy developments in southwest Tennessee, with commercial operation for both slated for the fourth quarter of this year.
The two projects are currently in late stage development by Strata Solar of Chapel Hill, N.C. All power and environmental attributes from both projects will be purchased by the Tennessee Valley Authority (TVA) under its renewable standard offer program. TVA announced in August 2013 that it would buy power from these two projects. Interconnection to the electric grid will take place through facilities owned and operated by Pickwick Electric Cooperative of Selmer, Tenn.
“This is another important addition to Dominion’s growing portfolio of solar energy,” said David Christian, chief executive officer for Dominion Generation. “We believe it is necessary to develop and maintain a diverse generation mix, ranging from traditional sources to renewable energy. These two projects strategically align with our regulated and unregulated generation portfolio. We are pleased to team up with TVA on the largest solar developments in Tennessee.”
Each of the two stand-alone, fixed-tilt photovoltaic solar projects, named Mulberry Farm and Selmer Farm, will produce approximately 16 MW (AC). They are located in McNairy County, near the town of Selmer. The necessary land has been acquired and no additional permits are needed to start construction. Construction is expected to start shortly, with both projects expected to achieve commercial operation by the end of the year.
Engineering, procurement and construction will continue to be handled by Strata Solar under the terms of the agreement. Once the projects are operational, ongoing operations and maintenance will also be handled by Strata Solar.
The acquisitions bring Dominion’s total solar generating portfolio to 212 MW. Along with the Tennessee projects, the company has 41 MW of solar facilities operating at sites in Georgia, Connecticut and Indiana, and an additional 139 MW under construction in California. The company also has various projects under development in Virginia as part of its Solar Partnership Program.
Dominion is one of the nation’s largest producers and transporters of energy, with a portfolio of approximately 23,600 MW of generation, 10,900 miles of natural gas transmission, gathering and storage pipeline and 6,400 miles of electric transmission lines.
Strata Solar is a national leader of utility scale solar energy systems and installations.