Dominion buys three solar energy projects

Dominion buys three solar energy projects Indiana Indy Solar I Indy Solar II Indy Solar III Indianapolis Power and Light AMEC Sunrise Energy Ventures

Dominion (NYSE: D) bought three solar energy projects under development near Indianapolis, Ind., according to Electric Light & Power/POWERGRID International magazine. When completed, the projects will produce about 28.6 MW of renewable energy.

The three plants, bought from Sunrise Energy Ventures, are known as Indy Solar I, Indy Solar II and Indy Solar III. Two of the projects, located southeast of Indianapolis in Franklin Township, will be sited on 155 acres. The third, located southwest of Indianapolis, will be sited on 134 acres.

Expected to be in service before the end of 2013, the projects will use standard photovoltaic technology with a fixed-axis system to generate renewable energy.

All three projects are on flat agricultural and forestland that are well suited for solar installation. The purchase price was not disclosed.

The projects have 15-year power purchase agreements with Indianapolis Power and Light Co.

AMEC, an international engineering and construction firm with U.S. headquarters in Tucker, Ga., will build the three facilities. AMEC is also building a 7.7 megawatt solar installation for Dominion near Augusta, Ga.

Dominion operates a portfolio of about 27,000 MW of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,400 miles of electric transmission lines.

This article was originally published on Electric Light & Power/POWERGRID International. It was republished with permission.

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