On March 16, 2022, the Virginia State Corporation Commission approved Dominion Energy’s plans for a nearly 1,000 MW renewable energy expansion.[1] The expansion includes 15 Dominion Energy Virginia projects and power purchase agreements (PPAs) with 24 other third-party developer projects. Among these projects is Dominion Energy Virginia’s largest solar-plus-storage project to date. The Dulles Solar and Storage project, located at Dulles International Airport near Washington, D.C., will pair 100 MW of solar generation with 50 MW of storage. According to the press release, Dominion’s new projects will generate more than $880 million in economic benefits across Virginia and will support nearly 4,200 jobs. The projects are expected to come online in 2022 and 2023 and will add about $1.13 to the average residential customer’s monthly bill.
The approval is Dominion’s second requested expansion following the passage of the 2020 Virginia Clean Economy Act, which mandated the full decarbonization of Dominion’s generation fleet by 2045.[2] The law requires Dominion to build out 16,100 MW of wind and solar capacity by 2035. Dominion is now nearly halfway to the targets with about 7 GW of solar in operation or under development.
[1] https://news.dominionenergy.com/2022-03-16-Significant-Expansion-of-Solar-and-Energy-Storage-Approved-for-Dominion-Energy-Virginia-Customers
[2] https://www.utilitydive.com/news/virginia-approves-1-gw-renewable-energy-expansion-by-dominion-energy/620540/