Dominion Energy Acquires, Plans to Acquire Four North Carolina Solar Energy Projects

RICHMOND, Va., Aug. 3, 2017

Dominion Energy's solar portfolio in North Carolina and Virginia includes more than 600 megawatts of capacity owned by one of the company's generation-holding subsidiaries and more than 500 megawatts of solar capacity under contract by Dominion Energy's electric utilities in the two states. Together, these arrays could produce enough electricity to power 275,000 homes and businesses.

"With these acquisitions, Dominion Energy is well on its way to bringing into service more than 700 megawatts of solar energy in North Carolina and Virginia by the end of 2018," said Keith Windle, vice president – Business Development & Merchant Operations. "We will continue to develop and acquire clean energy projects that help customers meet their energy needs."

Dominion Energy has closed on the two 5-megawatt facilities in North Carolina – Fremont in Wayne County and Moorings 2 in Lenoir County. The company expects to purchase the Clipperton and Pikeville projects – each about 5 megawatts (AC) and under construction in Sampson County and Wayne County, respectively – when they are completed, anticipated later in the third quarter.

Agreements are in place for sale of the offtake from the solar facilities.

Dominion Energy has more than 2,000 megawatts of solar generating capacity – including company-owned assets and assets that are contracted by Dominion Energy utilities – in operation or under development in nine states.