Dominion Buys 20-Megawatt Solar Project in California From EON

(Bloomberg) — Dominion Resources Inc., the third-largest
U.S. utility owner, bought a 20-megawatt solar farm in Southern
California from EON SE for an undisclosed sum.

The Alamo Solar project in San Bernardino County is
expected to begin producing electricity this quarter, Richmond,
Virginia-based Dominion said Friday in a statement. The power
plant has a 20-year power-purchase agreement with an undisclosed
buyer and is expected to qualify for the federal investment tax

Dominion now has 384 megawatts of solar capacity in
operation or under construction, including 241 megawatts in

Duke Energy Corp. and NextEra Energy Inc. are the largest
U.S. utility owners by market value.

To contact the reporter on this story:
Justin Doom in New York at

To contact the editors responsible for this story:
Reed Landberg at
Will Wade, Carlos Caminada

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us