Richmond, Va., January 18, 2011— Dominion North Carolina Power, which serves about 120,000 retail electric customers in northeastern North Carolina, has signed a 15-year power purchase agreement with 510nano Inc. for the electric output of a 1.4-MW photovoltaic solar power station.
The solar power station is planned for seven acres in Northampton County, N.C. Construction is expected to start by March. Other contract details are confidential.
This North Carolina facility would be the largest solar-powered facility added to Dominion's electric grid. Dominion is also in the early stages of planning a 4-MW solar power facility in Halifax County, Va.
In addition, about 400 residential customers in the company's Virginia and North Carolina service areas have added solar panels to their homes, and some of that energy also enters the grid.
510nano Inc., is a Washington, D.C.-based technology and business development firm. Founded in 2005, the company specializes in developing and deploying renewable energy solutions.
With a global network of renewable energy partners, leading-edge technology products, and experienced management team, 510nano has positioned itself as a leader in supplying efficient, cost-effective power plants.
Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of about 27,600 MW of generation, 12,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines.
Dominion operates the nation's largest natural gas storage system with 942 billion cubic feet of storage capacity and serves retail energy customers in 13 states.