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Released August 02, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) is trying to diversify its project portfolio as it faces big hurdles on traditional energy generation and transmission. The company is soldiering on with its hotly disputed Atlantic Coast Pipeline, which it expects to finish in 2021 despite unfavorable court rulings and key permit delays, and recently agreed to offer cash refunds to customers in South Carolina who paid more than $2 billion for a nuclear project that was cancelled. Industrial Info is tracking more than $11 billion in active Dominion projects, the bulk of which are for public utilities.
Click on the image at right for a graph detailing active Dominion projects by industry sector.
Dominion is pursuing 3,000 megawatts (MW) of new wind and solar energy, either in operation or under development, by 2022. Its foray includes a pair of solar-power facilities in its home state that are set to finish construction in the spring and summer of 2020: A solar complex in Spring Grove, Virginia, includes a $178 million first phase and a $300 million second phase, which are expected to generate 98 and 150 MW, respectively, while the $110 million Grasshopper Solar Plant in Chase City, Virginia, will generate 80 MW.
Both projects make use of hundreds of thousands of photovoltaic (PV) panels to generate energy for Virginia. For more information, see Industrial Info's reports on the Spring Grove Phase I and Phase II and Grasshopper projects.
Late this year, Dominion expects to finish construction on its $80 million Chestnut Solar Plant in Enfield, North Carolina, which is expected to generate nearly 75 MW from 340-watt PV panels. Offshore windfarms also play a role in Dominion's energy plans: the $54 million Coastal Virginia Offshore Windfarm near Virginia Beach, a pilot project that would generate 12 MW from a pair of turbines, is expected to wrap up by the end of 2020, and would be supported by an $80 million transmission line running 27 miles from the windfarm to the Camp Pendelton State Military Reservation. For more information, see Industrial Info's project reports on the Chestnut Solar Plant, and the Coastal Virginia windfarm and its transmission line.
"The [Coastal Virginia pilot] project was approved by Virginia regulators in November of last year, and is a critical initial step in what has the potential to become a multiyear, multibillion dollar capital deployment in zero-carbon offshore wind energy," said Thomas Farrell, the chief executive officer of Dominion, in an earnings-related conference call. "Our Virginia offshore lease should accommodate over 2 gigawatts of generation capacity, based on expected technology advancements, which is significantly more than what we have accounted for over our five-year planning horizon."
None of this is to suggest Dominion has backed away from natural gas, which the company sees as essential to offsetting the ongoing loss of coal-fired plants in its service area. The company has proposed the West Loop Project in Pennsylvania and Ohio to provide up to 150 million standard cubic feet per day through an $80 million pipeline loop addition, running more than five miles from a metering site to a mainline in Beaver County, Pennsylvania.
The West Loop Project will be supported by a pair of compressor station modifications in both states: a $4 million overhaul at a station in Beaver Falls, Pennsylvania, and a $3.5 million overhaul at a station in Carrollton, Ohio. All three portions of the project are set to wrap up in the fourth quarter of 2020. For more information, see Industrial Info's reports on the pipeline addition, Beaver Falls station and Carrollton station.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing active Dominion projects by industry sector.Dominion is pursuing 3,000 megawatts (MW) of new wind and solar energy, either in operation or under development, by 2022. Its foray includes a pair of solar-power facilities in its home state that are set to finish construction in the spring and summer of 2020: A solar complex in Spring Grove, Virginia, includes a $178 million first phase and a $300 million second phase, which are expected to generate 98 and 150 MW, respectively, while the $110 million Grasshopper Solar Plant in Chase City, Virginia, will generate 80 MW.
Both projects make use of hundreds of thousands of photovoltaic (PV) panels to generate energy for Virginia. For more information, see Industrial Info's reports on the Spring Grove Phase I and Phase II and Grasshopper projects.
Late this year, Dominion expects to finish construction on its $80 million Chestnut Solar Plant in Enfield, North Carolina, which is expected to generate nearly 75 MW from 340-watt PV panels. Offshore windfarms also play a role in Dominion's energy plans: the $54 million Coastal Virginia Offshore Windfarm near Virginia Beach, a pilot project that would generate 12 MW from a pair of turbines, is expected to wrap up by the end of 2020, and would be supported by an $80 million transmission line running 27 miles from the windfarm to the Camp Pendelton State Military Reservation. For more information, see Industrial Info's project reports on the Chestnut Solar Plant, and the Coastal Virginia windfarm and its transmission line.
"The [Coastal Virginia pilot] project was approved by Virginia regulators in November of last year, and is a critical initial step in what has the potential to become a multiyear, multibillion dollar capital deployment in zero-carbon offshore wind energy," said Thomas Farrell, the chief executive officer of Dominion, in an earnings-related conference call. "Our Virginia offshore lease should accommodate over 2 gigawatts of generation capacity, based on expected technology advancements, which is significantly more than what we have accounted for over our five-year planning horizon."
None of this is to suggest Dominion has backed away from natural gas, which the company sees as essential to offsetting the ongoing loss of coal-fired plants in its service area. The company has proposed the West Loop Project in Pennsylvania and Ohio to provide up to 150 million standard cubic feet per day through an $80 million pipeline loop addition, running more than five miles from a metering site to a mainline in Beaver County, Pennsylvania.
The West Loop Project will be supported by a pair of compressor station modifications in both states: a $4 million overhaul at a station in Beaver Falls, Pennsylvania, and a $3.5 million overhaul at a station in Carrollton, Ohio. All three portions of the project are set to wrap up in the fourth quarter of 2020. For more information, see Industrial Info's reports on the pipeline addition, Beaver Falls station and Carrollton station.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
