Dominion Energy Green Bonds

In November 2018, Dominion Energy completed its inaugural green bond issuance.  Dominion Energy has made significant investments in renewable energy over recent years but this marks the first time that the company has specifically allocated the net proceeds of a bond issuance to support investment in renewable (or clean) generation. The proceeds from the $362 million privately placed notes were used to reimburse Dominion Energy for previously deployed capital related to the acquisition, development, and construction of 20 merchant solar projects placed in service between 2016 and 2018, all of which enjoy long-term PPAs.

The 20 solar projects, located in Virginia, North Carolina, South Carolina, and California, collectively represent 574 MW of renewable energy. Selected details on each project are listed below.

1 Clipperton achieved COD in August 2016, per Duke Energy but did not commence energy deliveries until November 2017.