Dominion Resources (NYSE: D) said Dec. 29 that it has closed on the acquisition of the CID Solar Project near Corcoran, Calif., in King’s County, from EDF Renewable Energy.
The companies initially announced the purchase and sale agreement in June 2014. The 20-MW (ac) facility completed the conditions of the acquisition and it commenced operations on Dec. 22. The project provides power to Pacific Gas and Electric (PG&E) under a 20-year power purchase agreement.
Terms of the CID transaction are not available.
Dominion’s CID Solar LLC, which filed a market-based rate application on Dec. 15 at the Federal Energy Regulatory Commission related to this project, said it is affiliated with operators of existing solar facilities in the region. It said it also anticipates that Dominion Solar Holdings (DSH) may acquire an additional 42 MW of generation under development in the California ISO region within the next several months.
- DSH has entered into a Purchase and Sale Agreement to acquire Catalina Solar 2 LLC. Catalina Solar 2 is an exempt wholesale generator that is developing an 18-MW solar photovoltaic facility in Kern County, California.
- DSH also anticipates acquiring Cottonwood Solar LLC, which owns three separate solar photovoltaic facilities under development in Kern County (12 MW Goose Lake facility), Kings County (11 MW City of Corcoran facility), and Marin County (1 MW Marin Carport facility).
Dominion is one of the nation’s largest producers and transporters of energy, with a portfolio of about 24,900 MW of generation, 10,900 miles of natural gas transmission, gathering and storage pipeline and 6,400 miles of electric transmission lines. The company, through Dominion Solar Holdings, has 345 MW of solar capacity under development or in operation in California, Connecticut, Georgia, Indiana, Tennessee and Utah.
EDF Renewable Energy is a leading U.S. independent power producer with more than 25 years of expertise in the renewable industry, covering all range of services from project development, management to operations and maintenance. EDF Renewable Energy’s portfolio consists of 5 GW of developed projects with 2.2 GW of installed capacity. It is the U.S. subsidiary of EDF Energies Nouvelles, which is the renewable energy arm of the EDF group, the leading electricity company in the world.