Dominion Resources (NYSE: D) announced April 15 the acquisition of a 20-MW solar facility in Georgia from HelioSage Energy.
The facility is expected to enter service in 2015. The Richland Solar Center is located in Twiggs County near Jeffersonville, Ga. It has secured a 20-year power purchase agreement (PPA) and interconnection agreements with Georgia Power, which is a unit of Southern Co. (NYSE: SO). An engineering, procurement, construction (EPC) contract has also been signed. The project is expected to qualify for the federal Investment Tax Credit.
David A. Christian, chief executive officer of Dominion Generation, said: “The Richland acquisition adds to our diverse generation fleet fuel mix and furthers Dominion’s goal of having 625 megawatts of contracted solar generating capacity in service by the end of 2016.”
Dominion’s total contracted solar generating portfolio consists of 364 MW in operation or under development in California, Connecticut, Georgia, Indiana, Tennessee and Utah. The 7.7-MW Azalea Solar Power Facility, located outside Davisboro, Ga., is also owned and operated by Dominion. The company also plans to develop up to 400 MW of utility solar generation in Virginia by 2020.
Georgia Power had notified the Georgia Public Service Commission on Feb. 19 that there was a buyer for a 20-MW solar project that it has a contract to buy power from. In December 2013, the PSC approved an agreement for purchase of solar energy between Georgia Power and Richland Solar Project LLC.
“Richland now desires to enter into a series of transactions, which require the consent of Georgia Power pursuant to Section 17.2 of the Agreement, including (i) a Change of Control Transaction with Dominion Solar Holdings, Inc., (ii) a title transfer of the facility equipment to the Development Authority of the City of Jeffersonville and Twiggs County (the ‘Bond for Title Transaction’), and (iii) the engagement of a new operator of the facility (the ‘O&M Engagement’), subject to the Commission’s approval,” the utility wrote in the Feb. 19 application.
The December 2013 PSC approval covers Georgia Power contracts with a total of four solar projects. The Richland Solar facility is located in Jeffersonville, Ga., and the project company at that point was controlled by HelioSage.