Dominion Announces Renewable Energy Sales Agreements With MIT, Boston Medical Center, Post Office Square Redevelopment Corporation
RICHMOND, Va., Oct. 19, 2016 /PRNewswire/ -- As part of its long-term plan to bring online at least 500 megawatts of solar electric generating capacity in North Carolina and Virginia, Dominion (NYSE: D) today announced it has acquired the development rights for the 60-megawatt (AC) Summit Farms Solar facility in Currituck County, N.C. The solar facility is expected to enter service in December 2016.
A subsidiary of Dominion Energy, Inc., a wholly owned subsidiary of Dominion, purchased Summit Farms from SunEnergy1, which developed and is the construction contractor on the project. Summit Farms, located on about 650 acres near Moyock, N.C., has 25-year power purchase agreements with the Massachusetts Institute of Technology, Boston Medical Center and Post Office Square Redevelopment Corporation.
"We are pleased to partner with these three outstanding organizations to add more carbon-free generation to the electric grid," said Paul D. Koonce, chief executive officer of the Dominion Generation Group, which oversees 25,700 megawatts of electric generating capacity in 11 states, including solar in operation or under development in eight states. "We will continue to seek similar opportunities helping large and small energy consumers alike reduce their carbon footprint."
Other large-scale solar projects Dominion has announced in North Carolina and Virginia include:
- Morgans Corner Solar (Virginia Electric and Power Company); Pasquotank County, N.C.; 20 megawatts (AC); in-service: December 2015;
- Amazon Solar Farm U.S. East (Dominion Energy, Inc.); Accomack County, Va.; 80 megawatts (AC); expected in-service: 2016;
- Scott Solar (VEPCO); Powhatan County, Va.; 17 megawatts (AC); expected in-service: 2016;
- Whitehouse Solar (VEPCO); Louisa County, Va.; 20 megawatts (AC); expected in-service: 2016;
- Woodland Solar (VEPCO); Isle of Wight County, Va.; 19 megawatts (AC); expected in-service: 2016;
- Remington Solar (VEPCO); Fauquier County, Va.; 20 megawatts (AC); expected in-service: late 2017; and
- Oceana Solar (VEPCO); Virginia Beach, Va.; 18 megawatts (AC); expected in-service: late 2017.
Dominion has electric generation facilities powered by the sun in California, Connecticut, Georgia, Indiana, North Carolina, Tennessee, Utah and Virginia.
CustomerFirst Renewables, an advisory services firm, structured and negotiated the energy solution on behalf of MIT, Boston Medical Center and Post Office Square Redevelopment Corporation.
Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 25,700 megawatts of generation, 14,400 miles of natural gas transmission, gathering and storage pipeline, and 6,500 miles of electric transmission lines. Dominion operates one of the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves more than 6 million utility and retail energy customers. For more information about Dominion, visit the company's website at www.dom.com.
SunEnergy1, LLC is a full-service solar developer and engineering, procurement and construction (EPC) firm located in Mooresville, N.C. SunEnergy1 specializes in the design and installation of utility-scale ground-mount solar photovoltaic systems. It has developed and installed more than 350 megawatts of solar facilities to date. For more information about SunEnergy1, visit the company's website at www.sunenergy1.com.
The Massachusetts Institute of Technology is dedicated to advancing knowledge and educating students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century. The Institute has more than 1,000 faculty members and over 11,300 undergraduate and graduate students. MIT's commitment to innovation has led to a host of scientific breakthroughs and technological advances, in fields ranging from aeronautics to computing to cancer research.
About Boston Medical Center
Boston Medical Center is a private, not-for-profit, 496-bed, academic medical center that is the primary teaching affiliate of Boston University School of Medicine. It is the largest and busiest provider of trauma and emergency services in New England. It offers specialized care for complex health problems and is a leading research institution, receiving more than $119 million in sponsored research funding in fiscal year 2015. In 1997, BMC founded Boston Medical Center Health Plan, Inc., now one of the top ranked Medicaid MCOs in the country, as a non-profit managed care organization serving Massachusetts and New Hampshire. Boston Medical Center and Boston University School of Medicine are partners in the Boston HealthNet – 13 community health centers focused on providing exceptional health care to residents of Boston. For more information, please visit http://www.bmc.org.
About Post Office Square Redevelopment Corporation
Post Office Square Redevelopment Corporation is the developer and manager of The Garage At Post Office Square and the Norman B. Leventhal Park above it, in the heart of Boston's financial district. The unique vision of a group of public and private civic leaders transformed an unsightly aboveground parking garage into an award-winning and inviting park, supported structurally and financially by a 1,400-space underground parking garage.