Dominion, RWE Ink Deal to Boost Solar's Role in Virginia

Researched by Industrial Info Resources (Sugar Land, Texas)--Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) added some sunlight to its portfolio earlier this week, when it signed eight long-term, utility-scale power-purchase agreements (PPAs) with RWE AG (Essen, Germany) for more than 300 megawatts (MW) of solar energy from several developments across Virginia.

Dominion, which is aiming for net-zero greenhouse-gas emissions by 2050, already has about 3.2 gigawatts (GW) of its own active or proposed solar projects, including 373 MW worth set to wrap up before the end of 2023. Two of the utility-scale solar projects in the Dominion-RWE deal began generating energy for Virginians earlier this year, while another is under construction and expected to be online next year.

Other companies featured: Jinko Solar (NYSE:JKS), Consolidated Edison Incorporated (NYSE:CE), First Solar Incorporated (NASDAQ:FSLR), Invenergy LLC and Meta Platforms Incorporated (NASDAQ:META).