Dominion acquires 20 MW solar power project from E.ON

Source:Dominion

Acquisition would increase Dominion's total long-term contracted solar power portfolio to 384 MW in operation or under development

Dominion (NYSE: D) has announced the acquisition of a 20-megawatt solar power facility in California from E.ON North America. The facility is expected to enter service in the second quarter of 2015.

Alamo Solar is located in San Bernardino County near Helendale, Calif. It has secured a 20-year power purchase agreement (PPA) and an interconnection agreement.

"Dominion is delighted to continue developing solar energy," said David A. Christian, Dominion Generation's chief executive officer. "Solar power provides important fuel diversity in our fleet's electric generation mix."

Alamo Solar is expected to qualify for the federal Investment Tax Credit.

Dominion's total contracted solar generating portfolio consists of 384 megawatts in operation or under development in California, Connecticut, Georgia, Indiana, Tennessee and Utah. The acquisition of Alamo brings Dominion's solar portfolio in California to 241 megawatts.

The company also plans to develop 400 megawatts of utility solar generation in Virginia by 2020.

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