Financial terms were not made public. Dominion expects the transaction to close later this year prior to the project commencing commercial operation. It says the project will qualify for the federal investment tax credit (ITC).
Dominion has a 20-year commitment to sell all power from the future central-California facility facility, but did not name the buyer.
"California leads the nation in solar generation and the experience and knowledge we gather there will serve us well as we expand our solar portfolio into other areas," David A.
