Dominion Seeks Proposals for Acquisition of Renewable Energy Projects in Virginia
RICHMOND, Va. — Dominion Energy is soliciting proposals for the acquisition of up to 1,200 MW of new solar and onshore wind projects, and 125 MW of energy storage.
The request for proposal for the acquisitions is here and an informational webinar for interested bidders will be held at 1 p.m. Eastern time on Thursday, June 9.
A separate RFP seeking proposals for Power Purchase Agreements will be issued on September 1, 2022.
Acquisition of the projects will support the company’s customer load as outlined in the company’s 2021 update to the 2020 Integrated Resource Plan.
The projects will also help the company achieve the goals of the Virginia Clean Economy Act, which is intended to fully decarbonize Virginia’s electricity grid by 2045 by capping carbon pollution, establishing more stringent energy efficiency standards, incentivizing small-scale, rooftop solar and promoting the development of large-scale solar and offshore wind projects.
The acquisition of the project will also further the company’s commitment to net-zero carbon emissions by 2050.
In a departure from past annual RFPs, the company will now accept acquisition proposals on a continuous basis throughout the year.
The new process will provide greater flexibility and transparency for the development community and maximize the company’s ability to procure the best clean energy resources for its customers, Dominion Energy said in a press release.
The company is interested in proposals for five categories of development assets:
- New photovoltaic solar nameplate capacity.
- New PV solar generation paired with energy storage nameplate capacity.
- New onshore wind nameplate capacity.
- New onshore wind paired with energy storage nameplate capacity.
- New stand-alone energy storage nameplate capacity.
For solar proposals, the company is seeking both utility-scale projects that are greater than 3 MW, as well as distributed projects that are 3 MW or less.
For all proposals, the company will only consider facilities located in Virginia. Specifically, for distributed projects that are 3 MW or less, the facilities must be located within DEV’s service territory where there are location grid benefits to DEV customers.
All participating bidders must register in the RFP by submitting an Intent to Bid Form and an executed confidentiality agreement. The Intent to Bid Form, confidentiality agreement and additional information on this RFP can be found on the company’s website.
The completed form and signed confidentiality agreement should be emailed to [email protected].
Dan can be reached at [email protected] and at https://twitter.com/DanMcCue
