Dominion Acquiring 79 MW Solar Project From Cypress

Posted by Joseph Bebon on May 05, 2017 No Comments
Categories : Projects & Contracts

Virginia-based energy company Dominion has announced plans to purchase a 79 MW solar energy facility under construction in Anson County, N.C., from Cypress Creek Renewables LLC.

“Dominion is pleased to expand its solar power portfolio in North Carolina,” says Paul D. Koonce, president and CEO of the Dominion Generation Group, which oversees more than 26 GW of electric generating capacity in 11 states. “Today’s announcement aligns with our goal of adding carbon-free, cost-effective generation to our fleet.”

“We are thrilled to be working with Dominion on this project,” says Matthew McGovern, CEO of Cypress Creek Renewables. “Their growing renewable energy portfolio sets them apart from their peers and positions Dominion to continue its leadership role in the energy market of the future.”

The IS37 solar facility, located on a 550-acre tract of land near Morven, N.C., is being constructed by an affiliate of Cypress Creek Renewables. A subsidiary of Dominion Energy Inc., a wholly owned subsidiary of Dominion, has agreed to acquire the facility upon completion, expected in the second quarter of 2017. About 450 workers are expected on-site during the peak of construction.

Dominion says it has 535 MW of solar generating capacity – or enough to power nearly 135,000 homes and businesses at times of peak use – under development or in operation in North Carolina and Virginia. Dominion’s North Carolina solar fleet also includes the 20 MW Morgans Corner array in Pasquotank County and the 60 MW Summit Farms facility in Currituck County.

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