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, along with the Attestation Report from our independent accountants.



Solar Projects

Project Name

Location

Commercial
Operations Date

MW AC

Eastern Shore, LLC

New Church, VA

10/30/2016

80

Summit Farms Solar, LLC

Moyock, VA

3/5/2017

60

Ridgeland Solar Farm I, LLC

Ridgeland, SC

6/15/2017

10

98WI 8me LLC

Calipatria, CA

5/3/2017

30

Innovative Solar 37, LLC

Morven, NC

6/22/2017

79

Hecate Energy Clarke County, LLC

White Post, VA

7/26/2017

10

Fremont Farm, LLC

Fremont, NC

11/20/2017

5

Moorings Farm 2, LLC

La Grange, NC

9/11/2017

5

Hecate Energy Cherrydale, LLC

Cape Charles, VA

10/25/2017

20

Pikeville Farm, LLC

Pikeville, NC

11/21/2017

5

Sappony Solar, LLC

Stony Creek, VA

11/30/2017

20

Correctional Solar, LLC

Barhamsville, VA

11/29/2017

20

Buckingham Solar I, LLC

Cumberland, VA

11/30/2017

20

Southampton Solar I, LLC

Newsoms, VA

11/27/2017

100

Clipperton Holdings LLC

Clinton, NC

8/21/2016 1

5

Scott - II Solar, LLC

Powhatan, VA

11/29/2017

20

Moffett Solar 1, LLC

Ridgeland, SC

12/22/2017

71

Wakefield Solar, LLC

Zebulon, NC

12/22/2017

5

Mustang Solar, LLC

Robbins, NC

6/21/2018

5

Siler Solar, LLC

Siler City, NC

expected 12/1/2018

4

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

 

Management Assertion and Independent Accountants' Attestation Report