Dominion Energy closes solar deal with Invenergy and Facebook

Dominion solar facebook

Dominion Energy, the Virginia-based energy company, has closed a 150-megawatt deal of solar energy between Invenergy and Facebook, the company announced this Tuesday.

The deal involves the acquisition of Hardin solar generating facility by one of Dominion’s subsidiaries; Hardin solar is a 150 MW solar asset that recently entered service in Hardin county, Ohio. It is owned by Chicago-based Invenergy.

After the acquisition, Facebook will take all the electricity generated at the site for its operations on the state; agreement was made under a long-term agreement prior to the project’s construction.

According to the company’s statement, this is the very first solar energy investment by Dominion in Ohio; the company owns and operates a Cleveland-based natural gas distribution company which serves 1,2 million customers.

Nevertheless, Dominion’s portfolio includes solar arrays in nine other states of the nation, including North Carolina, South Carolina and Utah; there, the company also own and operates gas utilities.

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Dominion, Invenergy and Facebook pleased with solar deal

As for the Hardin solar development, the acquisition was closed in late 2020, and construction activities were completed in December 2020. About the relevance of the project, Diane Leopold, executive VP and COO of Dominion, said:

“With this solar project, our company is expanding our solar generating portfolio into Ohio, where we have a deep history of serving our customers and communities through our local distribution business.”

“We continue to acquire and/or develop clean energy projects for companies like Facebook that are looking to reduce their carbon footprints and to contribute to combating climate change. And we are proud to build on our Invenergy partnership that has already produced nearly 100 megawatts of solar generating capacity elsewhere,” she concluded.

On his side, Ted Romaine, senior VP of Origination at Invenergy, commented: “Invenergy is proud to further our partnerships with both Dominion Energy and Facebook, which reflect our commitment to sustainability that carries across our work with utilities and corporate renewable energy purchasers alike.”

Urvi Parekh, head of Renewable Energy at Facebook, concluded: “We are thrilled to partner with these companies to bring an additional 150 megawatts of new solar energy to the grid. At Facebook, we are committed to not only supporting our operations with 100% renewable energy, but to helping accelerate the transition to renewable energy.”

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