Dominion Energy Acquires Solar Energy Project in Hardin County from Invenergy

Written by on January 22, 2021

Dominion Energy (NYSE: D) announced this week that one of its subsidiaries has acquired the 150-megawatt (AC) Hardin solar generating facility, which recently entered service in Hardin County, Ohio, from Chicago-based Invenergy.

Facebook will take the electricity generated at the facility as well as the renewable energy credits, under a long-term agreement signed prior to the project’s construction.

“With this solar project, Dominion Energy is expanding our solar generating portfolio into Ohio, where we have a deep history of serving our customers and communities through our local distribution business,” said Diane Leopold, executive vice president and chief operating officer. “We continue to acquire and/or develop clean
energy projects for companies like Facebook that are looking to reduce their carbon footprints and to contribute to combating climate change. And we are proud to build on our Invenergy partnership that has already produced nearly 100 megawatts of solar generating capacity elsewhere.”

This marks Dominion Energy’s first solar energy investment in Ohio, where the company owns and operates a Cleveland-based natural gas local distribution company serving 1.2 million customer accounts in, principally, northeastern Ohio. Dominion owns solar arrays in nine other states, including in North Carolina, South Carolina
and Utah, where the company also owns and operates gas utilities.

Dominion Energy closed on the acquisition in 2020, and construction activities were completed in December.

“Invenergy is proud to further our partnerships with both Dominion Energy and Facebook, which reflect our commitment to sustainability that carries across our work with utilities and corporate renewable energy purchasers alike,” said Ted Romaine, senior vice president of Origination at Invenergy. “Invenergy Services will also
bring our award-winning operations and maintenance expertise to the project.”

“We are thrilled to partner with Dominion and Invenergy to bring an additional 150 megawatts of new solar energy to the grid,” said Urvi Parekh, head of Renewable Energy at Facebook. “At Facebook, we are committed to not only supporting our operations with 100% renewable energy, but to helping accelerate the transition to
renewable energy.”

Dominion Energy has more than 2,200 megawatts of solar generating capacity in operation with nearly 3,500 megawatts of capacity in development. In 2020, S&P Global ranked Dominion Energy’s solar portfolio third among utility holding companies in the U.S.

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