[ad_1]
Dominion Vitality Virginia’s Puller Photo voltaic facility in Middlesex County, Virginia. Dominion Vitality
Why you’ll be able to belief us
Based in 2005 as an Ohio-based environmental newspaper, EcoWatch is a digital platform devoted to publishing high quality, science-based content material on environmental points, causes, and options.
Utility regulator the Virginia State Company Fee has authorised greater than a dozen new photo voltaic tasks within the state with 764 megawatts (MW) of whole electrical energy capability — sufficient energy for almost 200,000 properties throughout peak output, a press launch from Dominion Vitality stated.
The tasks embrace 4 photo voltaic amenities with 329 MW of capability that Dominion Vitality will personal or purchase, in addition to an extra 435 MW supplied by independently owned photo voltaic tasks, reported Reuters.
“These tasks ship on our promise of dependable, inexpensive and more and more clear vitality for our prospects,” stated Dominion Vitality Virginia President Ed Baine within the press launch. “Via our investments in offshore wind, battery storage and photo voltaic, Virginia continues to make progress on its clear vitality transition.”
As soon as the photo voltaic tasks are authorised, the utility stated Dominion Vitality could have photo voltaic tasks with greater than 4,600 MW within the state and capability to energy greater than 1.1 million properties throughout peak occasions, Reuters reported.
The photo voltaic tasks have been initially proposed in October of final yr, as Dominion sought to benefit from the Inflation Discount Act’s billions of {dollars} in direct funds and tax credit for renewable vitality, reported Reuters.
Dominion’s photo voltaic fleet is the second largest in america, the press launch stated. The brand new tasks will create greater than 1,600 jobs whereas producing financial advantages of greater than $570 million for the state.
Roughly six million vitality prospects in 15 states use pure gasoline or energy from Dominion Vitality, which has its headquarters in Richmond, Virginia.
Completion of the brand new photo voltaic tasks is anticipated by 2026, with native and state permits required earlier than building can start.
The tasks are predicted so as to add roughly $1.54 to the common month-to-month invoice of a residential buyer. Proper now, Dominion Vitality’s charges are 31 p.c decrease than the common for the Mid-Atlantic and 12 p.c decrease than the nationwide common.
Based on the Photo voltaic Vitality Industries Affiliation (SEIA), as of the fourth quarter of 2023, Virginia had a complete of 4,841 MW of photo voltaic put in, with 6.56 p.c of the state’s whole electrical energy technology coming from photo voltaic. The state ranked eleventh within the nation for whole photo voltaic capability with sufficient to energy 585,088 properties.
Virginia had invested $5.7 billion in photo voltaic, and the variety of photo voltaic firms within the state was 208, offering 4,753 photo voltaic jobs. Previously decade, photo voltaic costs in Virginia have gone down 47 p.c.
“[A]fter a coordinated lobbying effort by clear vitality advocates, environmental organizations and lots of different stakeholders, Virginia handed the Clear Financial system Act, which can create as much as 29,000 photo voltaic jobs whereas offering monumental market alternatives for each distributed technology and utility scale photo voltaic,” SEIA stated. “SEIA stays lively in trade discussions about how you can implement [Virginia Clean Economy Act] and steering round Virginia’s new zero-carbon technology and vitality storage necessities.”
Subscribe to get unique updates in our each day e-newsletter!
By signing up, you comply with the Phrases of Use and Privateness Coverage & to obtain digital communications from EcoWatch Media Group, which can embrace advertising and marketing promotions, commercials and sponsored content material.
[ad_2]
Source link
