Dominion Acquires Connecticut’s largest Solar Project

2434

Dominion acquires a 5MW (AC) solar project in Somers, CT, from Kyocera for an undisclosed sum. The project will be Connecticut’s largest solar project, and commercial operation is expected within the 4th quarter of 2013.

Dominion (NYSE: D) has acquired a 5MW (AC) solar project in Somers, Connecticut, from Kyocera (NYSE: KYO) in a deal that closed October 22, 2013, for an undisclosed sum.

Kyocera and CleanPath, a San Francisco-based clean-energy company, had jointly developed the Somers project. The project will be Connecticut’s largest solar project, and commercial operation is expected within the 4th quarter of 2013.

The Somers Solar Center will use Kyocera Solar’s PV technology to produce enough electricity to supply nearly 1,400 homes. The electricity will go to Connecticut Light & Power Co. under a 20-year power purchase agreement (PPA).

Somers Solar Center is located on 90 leased acres in north-central Connecticut, roughly 4 miles south of the Massachusetts state line. Prime Solutions, a Connecticut-based company, is the center’s engineering and construction contractor. The project provided about 80 jobs during the peak of construction, most of which came from locally owned companies. Once in operation, the center will be serviced by a contractor.

Dominion has acquired multiple large-scale solar projects this year. In February, the company acquired the 7.7MW (AC) Azalea Solar Power Facility, near Augusta in east-central Georgia, and In July, Dominion acquired three solar projects near Indianapolis, Ind. – known as Indy I, II, and III — that will generate 28.6 megawatts (AC) of electricity.

“The State of Connecticut has put renewable energy at the forefront of our Comprehensive Energy Strategy, which has led to cheaper, cleaner, more reliable energy for our families and businesses,” Governor Dannel P. Malloy said. “Continued support of one of the largest solar installations in our state by Dominion will ensure an overall commitment to closing the gap between the cost of renewable energy and power generated from fossil fuels. I am proud that Connecticut is home to this important solar installation.”