Summit Farms Solar LLC on Nov. 3 was approved by the Federal Energy Regulatory Commission on its Sept. 16 application for a approval of a Market-Based Rate Tariff.
This company is developing and will own and operate an approximately 60-MW (ac) solar photovoltaic facility and related assets located in Currituck County, North Carolina, which is within the PJM Interconnection balancing authority area. Applicant will sell all of the net energy from the facility at wholesale to non-affiliates under three long-term Power Purchase Agreements (PPAs). Under the collective terms of the PPAs, it’s 60 MW of generation capacity is fully committed for 25 years.
Pursuant to a Co-Tenancy and Shared Facilities Agreement (SFA) dated Aug. 31, 2016, with Ranchland Solar LLC, applicant and Ranchland will jointly own, as tenants-in-common, the electrical interconnection equipment necessary to connect their respective generation facilities with the transmission system owned by Virginia Electric and Power d/b/a Dominion North Carolina Power and under the operational control of PJM.
Summit Farms Solar anticipates that the facility may generate test power in November 2016 and commence commercial operation shortly thereafter. Concurrent with this filing, it submitted a notice of self-certification of exempt wholesale generator status under the Public Utility Holding Company Act of 2005.
Applicant is part of Dominion Energy Inc., which is a direct, wholly owned subsidiary of Dominion Resources (NYSE: D). Dominion Resources is also the parent of Virginia Electric and Power.