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Dominion to Invest $700 Million for 400 Megawatts of Solar Power

Dominion Resources Inc., the third-largest U.S. utility owner, is investing $700 million to build 400 megawatts of solar capacity in Virginia.

Dominion’s Virginia Power unit expects the projects to begin generating electricity by 2020, the Richmond, Virginia-based company said Thursday in a statement. The solar farms will produce enough energy for about 100,000 homes.