Virginia governor signs bill backing solar expansion

Virginia Gov. Terry McAuliffe (D) signed several bills April 22 that are designed to encourage “clean energy” and related employment in the state – including creation of a Virginia Solar Energy Development Authority and a measure to authorize cost recovery for more than 500 MW of solar power generation.

McAuliffe signed into law HB 2237, which authorizes utility cost recovery for construction or purchase of a solar facility with capacity over 1MW and establishes that 500MW of solar generation are in the public interest.

Another bill signed by McAuliffe, HB 1950, doubles the allowable generation capacity of a solar net energy metering facility.

The ceremony was held at Capital One’s Meadowville Technology Park in Chester, where Dominion recently completed construction of a 500 KW solar array. More than 100 Capital One employees attended the event as a part of the company’s weeklong celebration of Earth Day.

This is not the first pro-solar initiative that McAuliffe has approved this year. In February, McAuliffe agreed to certain rate measures for Dominion (NYSE:D) and other utilities doing business in the state and approved fast-track measures for solar power.

Dominion has announced plans to develop a number of large solar projects in Virginia that could total 400 MW.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.