CORONAL ENERGY, POWERED BY PANASONIC, AND DOMINION ENERGY EXPAND VIRGINIA’S SOLAR ENERGY CAPACITY

- 20 MW solar development project in Essex County benefits local community with clean energy, jobs and tax revenue

RICHMOND, Va., June 6, 2017 - Coronal Energy, powered by Panasonic, a leading independent power producer (IPP) and provider of turnkey renewable energy solutions, and Dominion Energy, one of the nation's largest producers and transporters of energy, are expanding Virginia's solar energy capacity by developing a solar facility in Essex County that will add clean, reliable, and affordable solar energy to the local power grid, introduce high-quality jobs to the local economy, and provide tax revenue to the county and state. This 174-acre, 20MW solar development project in Dunnsville will generate enough electricity to power 5,000 single-family homes in Virginia annually.


As one of the largest solar projects in the state, the Essex Solar Center is evidence of both companies' commitment to sustainably strengthen the solar industry in Virginia. It builds on Charlottesville-based Coronal Energy's history of Virginia-sited projects and was made possible through the state's recently implemented permit by rule (PBR) process through the Virginia Department of Environmental Quality (DEQ). This important regulatory framework supports efficient renewable energy infrastructure initiatives while ensuring the project will not impact the county's natural resources during its lifecycle.

The Essex Solar Center will also help Dominion Energy expand its renewable energy portfolio. The energy will be procured by Dominion Energy via a 20-year power purchase agreement (PPA) that enables the company to purchase the power generated by the solar facility for the benefit of its customers, while Coronal Energy continues to own and operate the facility upon completion.

"The Essex Solar Center is a meaningful project because of the local partnerships that are bringing it to life," said Kyle West, Vice President of Real Estate, Coronal Energy™. "It epitomizes the results that solar development at its best can achieve - powering a local community with clean energy, new jobs and tax revenue by working with landowners to develop a commercially viable solar facility that interconnects with a renewables-focused utility."

Katheryn Curtis, senior vice president of Dominion Energy's Power Delivery Group, said, "At Dominion, we are dedicated to providing affordable renewable energy options to Virginia residents. Teaming up with Coronal Energy on the Essex Solar Center allows us to serve our customers through our PPA arrangement, bring jobs to the county that will benefit the local economy, and align with the state's vision as Virginia prioritizes clean energy initiatives."

Two parcels of land comprise the 174-acre solar facility: Approximately 70 acres are owned by the Southside Rappahannock Baptist Association, a nonprofit organization. The area is the former site of the Rappahannock Industrial Academy (RIA), a school that operated in the first half of the 20th century, dedicated to educating the children of former slaves. Revenue from the land lease will help support the history and legacy of the historic site. The remaining acreage is owned by a private landowner, Haile Properties, LLC. Both landowners' participation in solar development encourages positive economic development in the county and augments Virginia's broader renewable energy generation and carbon emissions reduction efforts.

"This solar project enables RIA to maintain the property and continue having a lasting impact on the people of Essex County by providing services and enhancing opportunities for all the children in the area," said James Hill, President, RIA Task Force.

Danny Van Clief, Chief Commercial Officer, Coronal Energy™ added, "As a solar company working in Charlottesville, we're particularly fond of opportunities that arise where we have a local presence. The Essex Solar Center enhances our sense of community and adds to our experience developing in-state solar projects, including the similarly sized 20 MW Woodland Solar Center in Isle of Wight County."

McCarthy Building Companies has been engaged as the engineering, procurement and construction (EPC) firm responsible for building the solar facility, which is slated for completion in November 2017. This project will add an estimated 80 - 100 jobs in the county during the construction phase, a number that boosts the 2,300 solar jobs Dominion Energy has created in the state of Virginia and the more than 3,200 jobs the solar industry brings to the Virginia economy overall.


About Coronal Energy, powered by Panasonic
Coronal Energy, powered by Panasonic, is a leading independent power producer providing turnkey solar energy solutions tailored for diverse enterprise customers across North America, including utilities, corporations, and the public sector. It unites the financial strength of a Fortune Global 500 company (#128) and Panasonic's award-winning history of solar innovation and sustainability leadership with the project development, finance, engineering, construction, and asset management experience of Coronal Energy. The result is smarter solar that translates to smarter business for customers. The collective experience of Coronal Energy, powered by Panasonic, includes projects in 40 states totaling 2.3 GW, with more than 3.4 GW of greenfield and brownfield projects under construction/contract or in development. For more, please visit CoronalEnergy.com.

Learn more at coronalenergy.com.

About Dominion Energy

Dominion Energy (NYSE:D) is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 26,200 megawatts of generation, 15,000 miles of natural gas transmission, gathering and storage pipeline, and 6,600 miles of electric transmission lines. Dominion Energy operates one of the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves more than 6 million utility and retail energy customers.

For more information about Dominion Energy, visit the company's website at www.dominionenergy.com.

Featured Product

KACO New Energy - Residential PV Systems - 2.0 - 5.0 KW, blueplanet 2.0 - 5.0 TL1

KACO New Energy - Residential PV Systems - 2.0 - 5.0 KW, blueplanet 2.0 - 5.0 TL1

Small size, light weight, great features, best value! With a line-up of 1-phase transformerless units, KACO new energy will be inaugurating the new "blueplanet" solar PV inverter series. Newly designed and constructed from scratch, the blueplanet TL1 fulfil the highest requirements for optimum use in residential solar power plants.