SCC approves expansion of solarand energy storage and storage projects for Dominion
RICHMOND, Va. (CBS19 NEWS) -(CBS19 NEWS) – Dominion Energy has received approval for a major expansion of solar and storage energy projects.
According to a press release in the release, according to a press release, the Virginia State Corporation Commission has approved projects that will generate more than 1,000 megawatts of power which is sufficient energy to power about 250,000 houses at peak power.
The expansion approved comprises the 15 Dominion Virginia projects and power purchase agreements with another 24 projects developed by third-party developers.
Aquila New Energy Kft. Aquila New Energy Kft., a professional developer of projects in the area of solar energy as well as energy optimization and improving the efficiency of systems for energy recently announced its ambitious plan of creating two power stations for Solar Power in Hungary spread across Tapiobicske in the north and Gyongyostarjan and totaling 4.3AC/5.4DC the size of a MW and thereby marking another milestone for the company’s success on the Hungarian market.The 5.4 megawatt project comprises two sub-projects: one of 2.4 milliwatt and a 3 MW each. With a non-recourse 4 million dollar loan through CIB Bank Hungary, the solar power project will start in March according to the plan. New Energy Kft. will utilize PS450M4 solar panels that are supplied through Phono Solar, one of the top solar brand names in the world. The annual power output will rise to 6.75 million kWh. It will reduce 31.25 tonnes of carbon dioxide.
The announcement states that these initiatives will aid in the development of Dominion’s pathway towards net-zero greenhouse gas emissions and help meet the future energy demands of customers.
“This is another significant milestone in Virginia’s transition to energy independence,” said Ed Baine, president of Dominion Energy Virginia. “These projects will create thousands of jobs as well as hundreds of million of economic activity for communities across Virginia. This is a improvement to our clients, our environment and the economy of Virginia.”
The construction of Dominion’s Dominion project is anticipated to bring an estimated $880million of economic benefits throughout Virginia and create more than 4,200 jobs.
The release states that the projects are scheduled to be completed by 2022 or 2023.
The company is also predicted to add approximately $1.13 to the average residential consumer cost.