Dominion Energy acquires Madison Solar generating facility in Virginia
Dominion Energy has acquired the 62.5MW (AC) Madison Solar generating facility in Orange County, Virginia from Cypress Creek Renewables for an undisclosed price.
The Madison Solar project will be owned by the contracted assets arm of the Virginia-based electricity and gas utility. Having secured all the relevant state and local permits, the solar farm is anticipated to begin operations in Q2 2022.
Under long-term agreements, the power generated by the Madison Solar generating facility along with its renewable energy credits will be bought by Northrop Grumman, an aerospace and defense technology company.
Northrop Grumman expects the Madison Solar project to supply enough renewable power to the grid to meet 100% of the electricity required for its Virginia manufacturing and office operations.
Robert M. Blue – Dominion Energy executive vice president and co-chief operating officer said: “If we can help our customers – both large and small – add more renewables and provide cleaner electricity, that’s a win for our customers and the Commonwealth of Virginia.”
Nearly 660 acres of land along State Route 20 in Locust Grove is being bought to house the solar development, said Dominion Energy.
Cassidy DeLine – vice president of Cypress Creek Renewables Project Finance said: “Our mission of powering a sustainable future one project at a time drives us to create valuable partnerships and projects.
“Our collaboration with Dominion and Northrop Grumman on the Madison project reinforces our commitment to developing solar in the nation’s largest wholesale electricity market, PJM, and delivering long-term benefits for Orange County, Va.”