Dominion completes acquisition of California solar project

Published December 30, 2014 by Robert Powell, III

Richmond-based Dominion Resources has completed its acquisition of a California solar energy project.

The 20-megawatt CID Solar Project near Corcoran, Calif., was owned by San Diego-based EDF Renewable Energy. The deal was initially announced in June.

Terms of the transaction were not disclosed.

The deal closed on Dec. 11, and the solar project began operations on Dec. 22.

The facility provides power to San Francisco-based Pacific Gas and Electric Co. under a 20-year agreement.

EDF Renewable Energy specializes in wind and solar photovoltaic power, with a presence in other renewable energy market segments.

The company develops, constructs, operates and manages renewable energy projects throughout the U.S.

Its portfolio includes 5 gigawatts of developed projects with 2.2 gigawatts of installed capacity. EDF Renewable Energy is the U.S. subsidiary of EDF Energies Nouvelles.

Dominion is the parent company of Dominion Virginia Power, the commonwealth’s largest electric utility.

The company’s Dominion Solar Holdings has 345 megawatts of solar generating capacity under development or in operation in California, Connecticut, Georgia, Indiana, Tennessee and Utah.