SAVION SOLAR PROJECT FINALIZES POWER PURCHASE AGREEMENT WITH DOMINION ENERGY
Thursday, February 27, 2020
Savion today announced a signed 20 MW power purchase agreement (PPA) with Dominion Energy Virginia for the Westmoreland County Solar Project, located in Westmoreland County, Virginia. The power purchase agreement was signed in August 2019 and received approval from the Virginia State Corporation Commission in November 2019.
The Westmoreland County Solar Project is expected to begin construction in the spring, with commercial operation targeted to commence at the end of the year. The $30 million solar facility planned for Westmoreland County is one of three projects developed by Savion that is expected to be constructed in the state of Virginia within the 2020 calendar year, resulting in 115 MW of solar power and a total investment of approximately $150 million.
“We are excited about the continued growth of the renewable energy industry in Virginia, which
is demonstrated by corporate and utility investments in solar energy over the past several years,” said Jeff James, senior vice president commercial transactions for Savion. “Our strong partnership with Dominion Energy enables our projects to support their sustainability goals as they work to add renewable energy to the grid. We take pride in the role our projects have had in this important initiative.”
In Virginia, Dominion Energy has committed to having 3,000 MW of new solar and wind energy in operation or under development by 2022. This project will contribute to that effort. As of today, the company has fulfilled approximately 57% of this commitment. Dominion Energy recently announced a new goal of achieving net zero emissions, covering both carbon dioxide and methane in the company’s power generation and natural gas operations by 2050. Investing in carbon-free generation sources like wind and solar are an important part of meeting that goal.
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