Electric utility company Dominion Energy Inc. said on April 11 it agreed to buy Longroad Energy’s 108-MW Foxhound solar project in Virginia.
The project, which has long-term power purchase agreements in place, has been in development for six years and will produce enough clean energy to power more than 17,000 homes, Longroad said in a news release.
First Solar is supplying Series 6+ solar modules for the project, Nextracker is supplying trackers and TMEIC is supplying solar inverters.
The deal’s financial details were not disclosed. Financial close of the acquisition is expected upon mechanical completion of the project in January 2024.
Recommended Reading
SandRidge Recasts Management with New Chairman, CFO
2024-10-03 - SandRidge Energy has appointed Vincent Intrieri as chairman to succeed Jonathan Frates, who will transition to the role of executive vice president and CFO.
EQT to Cut Workforce 15% Following Close of Equitrans Acquisition
2024-10-02 - EQT Corp. closed its $5.5 billion all-stock buy of Equitrans Midstream Corp. on Sept. 22.
TC Energy Completes Spinoff of Liquids Pipeline Business South Bow
2024-10-01 - South Bow Corp. will commence trading on the Toronto Stock Exchange on Oct. 2.
No Shortage of Capital, Shortage of Investable Low-carbon Projects
2024-09-30 - Investors are looking to the bankability equation—sustainability plus guaranteed returns—and finding that the energy transition’s problem is not a shortage of capital, but a shortage of investable projects.
Dividends Declared Sept.16 through Sept. 26
2024-09-27 - Here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.