Dominion Energy is buying two planned Virginia solar farms totaling 240 MW of future energy output from a developer based in the same state.
Urban Grid announced Tuesday it was selling two upcoming Surry County solar projects to Dominion. Work on both the 142-MW Colonial Trail West and 98-MW Spring Grove farms is scheduled to begin next year, with Colonial Trail operational by December 2019 and Spring Grove Solar I by October 2020.
Dominion’s acquisition is part of its goal to expand its renewable fleet by 3,000 MW in less than four years.
“We are excited to have such a strong and proven owner of solar projects here in the commonwealth of Virginia acquire these two exceptional solar projects from Urban Grid and are pleased to be able to assist Dominion Energy with achieving their renewable energy goals,” Frank DePew, president of Urban Grid, said in a statement.
Last month, Dominion Energy Virginia unveiled its first targets under a new grid transformation law, aiming to deliver a 12-MW offshore wind project and add another 240 MW of solar energy in the state.
Virginia’s Grid Transformation and Security Act, which became law on July 1, spurs Dominion to pursue new paths on energy efficiency, renewables, smart meters and rate cuts. Overall, the efforts are designed to spur nearly $2 billion worth of investment, bill credits and rate cuts for the utility’s customers, according to the report.