Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Hazloc Heaters
Copper Tip Energy Services
Hazloc Heaters
Copper Tip Energy


Dominion Energy Launches Green Bonds Program


English Español 简体中文 हिन्दी Português
These translations are done via Google Translate

November 2, 2018, by Renewable Energy World Editors

Dominion Energy on Friday said that it had closed its inaugural offering of green bonds. The $362 million in privately placed bond proceeds will be used to reimburse Dominion Energy for previously deployed capital related to the acquisition, development and/or construction of 20 merchant solar projects with a total capacity of 574 MW of renewable energy.

The projects – located in California, North Carolina, South Carolina and Virginia – are supported by long-term power purchase agreements (PPAs) with high-quality, investment-grade utility, municipal and corporate counterparties.

James R. Chapman, senior vice president, chief financial officer and treasurer at Dominion Energy said that the offering “signals alignment of our clean energy strategy with the fixed income investment community’s growing interest in sustainability and corporate responsibility.”

GLJ
Sky Eye Measurement
Sky Eye Measurement
GLJ

Dominion Energy ranks fourth in the U.S. among utility holding companies for owned solar capacity with about 1,250 MW in operation in nine states, according to the company.

Barclays served as the private placement agent for this bond offering and McGuireWoods LLP served as issuer’s counsel.



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE