New Solar Projects Approved For Dominion Energy Virginia Customers; Construction Will Support More Than 1,600 Jobs And $570M In Economic Benefits
Portfolio Pulse from Benzinga Newsdesk
The Virginia State Corporation Commission approved over a dozen new solar projects for Dominion Energy Virginia, totaling 764 MW of electricity, enough to power nearly 200,000 homes. These projects, including both owned and PPAs, will support over 1,600 jobs and generate $570 million in economic benefits. Dominion Energy's solar fleet will exceed 4,600 MW upon completion, making it the second largest in the nation. The projects are expected to be completed by 2026, with an estimated cost increase of $1.54 to the average residential monthly bill.
April 01, 2024 | 2:03 pm
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Dominion Energy Virginia's approval for over a dozen new solar projects will significantly expand its clean energy fleet, supporting over 1,600 jobs and generating $570 million in economic benefits. This expansion will make Dominion's solar fleet the second largest in the nation.
The approval of these solar projects is a significant positive development for Dominion Energy, indicating a strong commitment to expanding its renewable energy portfolio. This expansion not only enhances the company's sustainability profile but also promises economic benefits and job creation, likely leading to a positive perception among investors and potentially a positive impact on the stock price in the short term.
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IMPORTANCE 90
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