Dominion Acquires Six Solar Projects from Recurrent Energy
Dominion acquired six solar development projects from Recurrent Energy located in California's Fresno, Kern and Kings counties. Long-term power purchase, interconnection, engineering, procurement and construction - and operation and maintenance agreements have been executed for each of the projects. Recurrent Energy will continue to support Dominion through the completion of these projects. Construction commenced in the first quarter of this year and all of the solar facilities are expected to reach commercial operation in late 2014 or early 2015. All of the projects are expected to qualify for the Federal Investment Tax Credit.