Virginia's Solar Market Flourishes with $12 Billion in Projects

October 6, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) is among a slew of companies proposing a widespread buildout of solar energy in Virginia. Earlier this week, the largest utility company in Virginia proposed more than a dozen projects that would have a total output of more than 770 megawatts (MW) within its home state, and other major renewable-energy developers like AES Corporation (NYSE:AES) (Arlington County, Virginia), RWE AG (Essen, Germany) and Strata Clean Energy LLC (Durham, North Carolina) are staking out land.

Industrial Info is tracking more than $12 billion worth of active and planned solar projects across Virginia, nearly half of which is attributed to projects with a medium-to-high likelihood (70% or more) of starting construction as currently planned. Dominion says that if its latest round of proposed projects is approved, its total solar output in Virginia would exceed 4.6 gigawatts (GW).

Other companies featured: First Solar Incorporated (NASDAQ:FSLR), Brookfield Asset Management Incorporated (NYSE:BEPC) and Hanwha Q Cells.