Renewables, Solar

Dominion acquires six California solar projects

Dominion (NYSE: D) has acquired six solar development projects, with a total output of 139-MW, from Recurrent Energy.

The projects are located in California’s Fresno, Kern and Kings counties.

Each project has a long term power purchase agreement. In addition, interconnection, engineering, procurement and construction – and operation and maintenance agreements have been executed for each project.

Construction commenced earlier this year all of the solar facilities are expected to reach commercial operation in late 2014 or early 2015.

The projects are also expected to qualify for the Federal Investment Tax Credit.

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