Dominion Acquires Three Solar Projects In Indiana
-- 28.6-megawatt combined output projects are located in Marion County, south
-- Commercial production expected to begin in late 2013
-- Acquisition is company's largest generation-scale solar addition to
RICHMOND, Va., July 22, 2013
RICHMOND, Va., July 22, 2013 /PRNewswire/ -- Dominion (NYSE: D) has acquired
three solar-power development projects near Indianapolis, Ind., from Sunrise
Expected to be in service before the end of 2013, the projects will use
standard photovoltaic technology with a fixed-axis system to generate a peak
combined output of 28.6 megawatts of electricity.
"Dominion has been adding renewable energy to its diversified generation mix
and is very pleased to acquire these three solar projects," said David
Christian, Dominion Generation CEO. "These projects are consistent with
Dominion's promotion of a portfolio of efficient conventional, nuclear and
The three projects 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. All three projects are on flat
agricultural and forest land that are well suited for solar installation. The
purchase price is confidential.
The projects have 15-year power purchase agreements with Indianapolis Power
and Light Company.
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 is one of the nation's largest producers and transporters of energy,
with a portfolio of approximately 27,000 megawatts of generation, 11,000 miles
of natural gas transmission, gathering and storage pipeline and 6,400 miles of
electric transmission lines. Dominion operates one of the nation's largest
natural gas storage systems with 947 billion cubic feet of storage capacity
and serves retail energy customers in 15 states. For more information about
Dominion, visit the company's website at www.dom.com.
Contact: Media: Greg Edwards, (276) 762-2618, (276) 220-9424 or
firstname.lastname@example.org, or Analysts: Nathan Frost, (804) 819-2187,
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