RWE Secures 300 MW+ Solar PPAs in Virginia
Jul 19, 2023 04:59 PM ET
- Germany-based energy giant RWE AG has agreed to eight Power Purchase Agreements with Dominion Energy Inc. for seven projects in Virginia, producing 750,000 MWh to meet the electricity needs of 70,000 homes. RWE Clean Energy will serve as long-term owner-operator and has an 80-MW off-take deal plus DER PPAs in place.
Germany-based RWE AG has agreed to eight Power Purchase Agreements (PPAs) with Dominion Energy Inc. for projects in Virginia. These PPAs cover seven projects including two that are already operational, one under construction and four in the development phase. The projects are expected to produce more than 750,000 MWh of electricity, enough to meet the demand of 70,000 homes in Virginia. RWE Clean Energy LLC, a US-based unit of RWE, will serve as the long-term owner-operator of each of the projects and has a separate 80-MW off-take deal and eight distributed energy resource (DER) PPAs for 24 MW already in place with Dominion.
What Are the Details of RWE AG's PPAs with Dominion Energy Inc?
- The seven projects include two that are already operational, one under construction and four in the development phase.
- RWE Clean Energy LLC, a US-based unit of RWE, will serve as the long-term owner-operator of each of the projects.
- The projects are expected to produce more than 750,000 MWh of electricity, enough to meet the demand of 70,000 homes in Virginia.
- RWE has an additional 80-MW off-take deal and eight distributed energy resource (DER) PPAs for 24 MW already in place with Dominion.
- The projects will help Dominion, Virginia's largest utilities provider, meet renewable energy requirements mandated by the state.
- Dominion also plans to provide interconnection and transmission services for the projects, as well as long-term operations and maintenance services.
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