RICHMOND, USA: Dominion announced an agreement to acquire two solar energy projects totaling 42 megawatts from EDF Renewable Energy, one of North America's largest independent power producers and renewable energy project developers. The acquisitions of the California projects are expected to close in 2015.
The Cottonwood project, with solar sites located in Kings, Kern and Marin Counties, has secured a 25-year power purchase agreement (PPA), interconnection agreements and engineering, procurement, construction (EPC) contracts. The company anticipates that the 24-megawatt solar energy facility will come online in the first half of 2015.
The Catalina Solar 2 project, located in Kern County, has secured a 20-year PPA, an interconnection agreement and an EPC contract. The 18-megawatt solar energy facility is expected to enter service in the second quarter of 2015.