Dominion’s Azalea Solar Power Facility, near Augusta in east-central Georgia, is planned to produce about 7.7 MW (AC) using photovoltaic technology. Dominion will select a contractor and oversee the construction of the project. The purchase price is confidential.
“The addition of this solar project to Dominion’s generation portfolio is consistent with our philosophy, which recognizes that affordable and reliable electric supply depends on a proper balance of all types of generation: nuclear, clean coal, biomass, natural gas, hydro-power, wind and solar,” said Thomas F. Farrell II, chairman, president and CEO. “Dominion is excited to add its first generation-scale solar project to its energy mix.”
The project has a long-term power purchase agreement with Cobb Electric Membership Corp., a local electric cooperative, providing predictable revenue. Dominion also will gain valuable solar experience from the construction and operation of this project.
The 40-acre project is located on 100 acres of farm and forest land about 60 miles southwest of Augusta, Ga. The project has a 25-year purchase power agreement with Cobb, one of the largest electric cooperatives in Georgia, serving roughly 200,000 customers. The expected start of commercial operations is December 1.
Smart Energy Capital is a finance, investment and development company focused on the commercial and small utility segments of the solar PV industry in North America. The company enables its customers to consume solar generated electricity without a capital investment and with a reduction in their electricity costs and enables its investors to realize attractive, risk-adjusted returns.
The company has completed over 70 MW of projects and deployed over $250 million of project capital for public and private schools and universities, municipalities, commercial entities, investor owned utilities, municipal utilities and electric cooperatives. The company is headquartered in White Plains, N.Y., and maintains an additional office in Portland, Ore.
Dominion operates a portfolio of about 27,500 MW of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,300 miles of electric transmission lines.