Dominion Energy proposes new solar projects in Virginia (NYSE:D)

Dominion Vitality (NYSE:D) -0.6% in Wednesday’s buying and selling because it proposed greater than a dozen new photo voltaic tasks in Virginia, which if authorized will generate 772 MW of carbon-free electrical energy, sufficient to energy ~200K Virginia properties at peak output.

The corporate stated its proposal consists of six photo voltaic tasks totaling 337 MW that will probably be owned or acquired by Dominion Vitality Virginia (D), and 13 energy buy agreements totaling 435 MW with independently owned photo voltaic tasks.

If authorized, the corporate will surpass 4,600 MW of photo voltaic in Virginia, sufficient to energy greater than 1.1M properties at peak output.

Dominion (D) estimated the price of the tasks would add $1.54 to the typical residential buyer’s month-to-month invoice.

The corporate’s preliminary challenge, Coastal Virginia Offshore Wind, accomplished its remaining environmental affect overview final week and is on monitor to obtain remaining approval from U.S. regulators by the tip of this month, offshore wind VP Joshua Bennett advised Bloomberg, including offshore development would start in Q2 2024.