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Released October 17, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) is stepping up efforts to bolster the role of renewable energy in its power-generation portfolio. Its recently filed 2024 Integrated Resource Plan (IRP) maps out a variety of carbon-free generation options for the coming 15 years, totaling nearly 20 gigawatts (GW), in Virginia and North Carolina. Industrial Info already is tracking more than $12.7 billion worth of active and proposed renewable-energy projects from Dominion, almost half of which is attributed to a widely anticipated offshore windfarm.
Click on the image at right for a graph detailing Dominion's active and proposed renewable-energy projects, by source.
Dominion's Coastal Virginia Offshore Windfarm (CVOW), about 27 miles off Virginia Beach, is the largest U.S.-based offshore wind project under development and a cornerstone of the company's long-term energy ambitions. It is expected to add 2.6 GW to Dominion's portfolio, which the company hopes to expand with another 3.4 GW of offshore wind over the next 15 years. Last month, Dominion said in a LinkedIn post it had laid the first export cable for CVOW.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can learn more from a detailed project report and plant profile.
In the U.S., offshore wind has been moving forward steadily over the past year, following a long period of delays and legal red tape. Earlier this summer, Dominion pushed back on rumors that construction had been delayed due to objections from groups concerned about the impact on nautical wildlife. For more information, see May 28, 2024, article - Review Puts U.S. Closer to Offshore Wind Goals, and May 03, 2024, article - Dominion Defends Construction Timeline for Virginia Offshore Windfarm.
"We are experiencing the largest growth in power demand since the years following World War II," said Ed Baine, the president of Dominion Energy Virginia, in a press release. "No single energy source, grid solution or energy efficiency program will reliably serve the growing needs of our customers. We need an 'all-of-the-above' approach, and we are developing innovative solutions to ensure we deliver for our customers."
Dominion's 15-year plan includes about 1.2 GW of new solar generation, an increase of more than 150% to the 4.75 GW of solar the company has in operation or under development. Among its projects under construction are the $108 million Cerulean Solar Facility in Warsaw, Virginia, and the $96 million Fountain Creek Solar Facility in Emporia, Virginia, which is expected to generate 62 and 80 MW, respectively, from solar cells provided by manufacturer Hanwha QCells (Seoul, South Korea). Subscribers can read detailed reports on the Cerulean and Fountain Creek projects.
Also in Virginia, Dominion is nearing the construction of a $180 million solar farm in Charlotte County, which would generate 167 MW from Hanwha cells, and is considering two proposed developments: the 57-MW Beldare Solar Plant in Powhatan and an 800-MW solar plant in Randolph. Subscribers can learn more from detailed reports on the Charlotte County, Powhatan and Randolph projects.
If the solar projects proposed in its 2024 IRP are approved, Dominion says its solar fleet--in operation or under development--will surpass 5.75 GW in Virginia alone. The company says its solar portfolio already is the second largest among U.S.-based utilities.
Dominion's IRP also includes about 4.5 GW of new battery energy-storage system (BESS) projects, an increasingly common feature of U.S. solar developments. The company began work earlier this year on its $180 million Dulles Solar Plant in Sterling, Virginia, which is designed to generate 100 MW and store up to 50 MW for Dulles International Airport. About 200,000 panels will cover ground between runways. About 100 miles southeast along the coast, Dominion is developing the Merry Point Solar and BESS project in Lancaster, which will generate and store an identical amount for the surrounding community. Subscribers can read detailed reports on the Dulles Airport and Merry Point projects.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and proposed renewable-energy projects across the U.S. from Dominion.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing Dominion's active and proposed renewable-energy projects, by source.Dominion's Coastal Virginia Offshore Windfarm (CVOW), about 27 miles off Virginia Beach, is the largest U.S.-based offshore wind project under development and a cornerstone of the company's long-term energy ambitions. It is expected to add 2.6 GW to Dominion's portfolio, which the company hopes to expand with another 3.4 GW of offshore wind over the next 15 years. Last month, Dominion said in a LinkedIn post it had laid the first export cable for CVOW.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can learn more from a detailed project report and plant profile.
In the U.S., offshore wind has been moving forward steadily over the past year, following a long period of delays and legal red tape. Earlier this summer, Dominion pushed back on rumors that construction had been delayed due to objections from groups concerned about the impact on nautical wildlife. For more information, see May 28, 2024, article - Review Puts U.S. Closer to Offshore Wind Goals, and May 03, 2024, article - Dominion Defends Construction Timeline for Virginia Offshore Windfarm.
"We are experiencing the largest growth in power demand since the years following World War II," said Ed Baine, the president of Dominion Energy Virginia, in a press release. "No single energy source, grid solution or energy efficiency program will reliably serve the growing needs of our customers. We need an 'all-of-the-above' approach, and we are developing innovative solutions to ensure we deliver for our customers."
Dominion's 15-year plan includes about 1.2 GW of new solar generation, an increase of more than 150% to the 4.75 GW of solar the company has in operation or under development. Among its projects under construction are the $108 million Cerulean Solar Facility in Warsaw, Virginia, and the $96 million Fountain Creek Solar Facility in Emporia, Virginia, which is expected to generate 62 and 80 MW, respectively, from solar cells provided by manufacturer Hanwha QCells (Seoul, South Korea). Subscribers can read detailed reports on the Cerulean and Fountain Creek projects.
Also in Virginia, Dominion is nearing the construction of a $180 million solar farm in Charlotte County, which would generate 167 MW from Hanwha cells, and is considering two proposed developments: the 57-MW Beldare Solar Plant in Powhatan and an 800-MW solar plant in Randolph. Subscribers can learn more from detailed reports on the Charlotte County, Powhatan and Randolph projects.
If the solar projects proposed in its 2024 IRP are approved, Dominion says its solar fleet--in operation or under development--will surpass 5.75 GW in Virginia alone. The company says its solar portfolio already is the second largest among U.S.-based utilities.
Dominion's IRP also includes about 4.5 GW of new battery energy-storage system (BESS) projects, an increasingly common feature of U.S. solar developments. The company began work earlier this year on its $180 million Dulles Solar Plant in Sterling, Virginia, which is designed to generate 100 MW and store up to 50 MW for Dulles International Airport. About 200,000 panels will cover ground between runways. About 100 miles southeast along the coast, Dominion is developing the Merry Point Solar and BESS project in Lancaster, which will generate and store an identical amount for the surrounding community. Subscribers can read detailed reports on the Dulles Airport and Merry Point projects.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and proposed renewable-energy projects across the U.S. from Dominion.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
