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MarketScreener Homepage  >  Equities  >  Nyse  >  Dominion Energy, Inc.    D

DOMINION ENERGY, INC.

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Dominion Energy : Seeks Projects to Expand Distributed Solar Development in Virginia

10/09/2020 | 12:40pm EST

Dominion Energy Virginia is continuing its support of solar development in the Commonwealth with a request for proposals (RFP) for distributed solar projects to help meet renewable energy goals set forth by the company and the Commonwealth.

The RFP is soliciting bids for development assets for new distributed solar generation facilities or mechanically complete solar facilities under asset purchase agreements. The RFP is also seeking power purchase agreement bids where the Company will enter into an agreement for the energy, capacity, ancillary services, and environmental attributes including Renewable Energy Certificates from the facility. The new facilities must be no larger than three megawatts (MW)(ac) in capacity, located in the Dominion Energy Virginia service area and commercially operational by the end of 2022 to be considered.

The RFP outlines the exact proposal requirements, including the power and asset purchase agreement terms as well as the price and non-price evaluation criteria. Among several criteria, the Company will favorably consider each proposal's use of labor, materials and other resources within Virginia and from Virginia businesses.

Notices of Intent to Bid and Confidentiality Agreements are due by October 30, 2020 with final asset purchase and power purchase proposals due January 8, 2021 and March 1, 2021, respectively.

Developers seeking more information on the competitive bidding process and the RFP submittal documents should visit: www.dominionenergy.com/2020DistributedSolarRFP. Customers and developers interested in learning more about the company's renewable energy expansion plans may contact us via email: 2020DistributedSolarRFP@dominionenergy.com.

Solar generation is a vital part of Dominion Energy's comprehensive clean energy strategy to meet standards outlined in the Virginia Clean Economy Act and to achieve the company's net zero carbon dioxide and methane emissions commitment by 2050. This RFP will help the company continue to add additional renewable energy resources in order to meet those goals.

For further information: Media Contact: Samantha Moore, 804-771-6115, samantha.q.moore@dominionenergy.com

Disclaimer

Dominion Energy Inc. published this content on 09 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 October 2020 16:39:03 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 15 585 M - -
Net income 2020 2 987 M - -
Net Debt 2020 34 406 M - -
P/E ratio 2020 20,3x
Yield 2020 4,40%
Capitalization 63 960 M 63 960 M -
EV / Sales 2020 6,31x
EV / Sales 2021 6,45x
Nbr of Employees 19 100
Free-Float 99,7%
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Mean consensus HOLD
Number of Analysts 17
Average target price 84,93 $
Last Close Price 78,40 $
Spread / Highest target 16,1%
Spread / Average Target 8,33%
Spread / Lowest Target -13,3%
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Managers
NameTitle
Robert M. Blue President, Chief Executive Officer & Director
Thomas F. Farrell Executive Chairman
Diane Leopold Chief Operating Officer & Executive VP
James R. Chapman CFO, Treasurer & Senior Vice President
Mark J. Kington Independent Director
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