April 1 (Reuters) - Virginia utility regulators on
Friday approved new solar projects with a total of 764 MW
electricity capacity that will expand Dominion Energy's ( D )
clean energy portfolio in the U.S. state.
The more than a dozen projects approved by the Virginia
State Corporation Commission included four solar facilities -
amounting to 329 MW - that will either be owned or acquired by
Dominion, as well as power purchase agreements for
independently-owned solar projects that will deliver 435 MW of
capacity in total.
Once completed, Dominion will have more than 4,600 MW of
approved solar projects in Virginia - capable of powering more
than 1.1 million homes at peak output, according to the utility.
Dominion expects the solar projects will come online in 2026,
pending local and state permits.
Dominion proposed the projects to Virginia regulators last
October, as it sought to capitalize on federal clean energy
incentives in the Inflation Reduction Act. The act provides for
billions of dollars in tax credits and direct payments for clean
energy resources.