Coronal Energy, Powered by Panasonic, and Dominion Energy Expand Virginia’s Solar Energy Capacity

20 MW solar development project in Essex County benefits local
community with clean energy, jobs and tax revenue

RICHMOND, Va.–(BUSINESS WIRE)–Coronal
Energy, powered by Panasonic, a leading independent power producer
(IPP) and provider of turnkey renewable energy solutions, and Dominion
Energy, one of the nation’s largest producers and transporters of
energy, are expanding Virginia’s solar energy capacity by developing a
solar facility in Essex County that will add clean, reliable, and
affordable solar energy to the local power grid, introduce high-quality
jobs to the local economy, and provide tax revenue to the county and
state. This 174-acre, 20MW solar development project in Dunnsville will
generate enough electricity to power 5,000 single-family homes in
Virginia annually.

As one of the largest solar projects in the state, the Essex Solar
Center is evidence of both companies’ commitment to sustainably
strengthen the solar industry in Virginia. It builds on
Charlottesville-based Coronal Energy’s history of Virginia-sited
projects and was made possible through the state’s recently implemented
permit by rule (PBR) process through the Virginia Department of
Environmental Quality (DEQ). This important regulatory framework
supports efficient renewable energy infrastructure initiatives while
ensuring the project will not impact the county’s natural resources
during its lifecycle.

The Essex Solar Center will also help Dominion Energy expand its
renewable energy portfolio. The energy will be procured by Dominion
Energy via a 20-year power purchase agreement (PPA) that enables the
company to purchase the power generated by the solar facility for the
benefit of its customers, while Coronal Energy continues to own and
operate the facility upon completion.

“The Essex Solar Center is a meaningful project because of the local
partnerships that are bringing it to life,” said Kyle West, Vice
President of Real Estate, Coronal Energy™. “It epitomizes the results
that solar development at its best can achieve – powering a local
community with clean energy, new jobs and tax revenue by working with
landowners to develop a commercially viable solar facility that
interconnects with a renewables-focused utility.”

Katheryn Curtis, senior vice president of Dominion Energy’s Power
Delivery Group, said, “At Dominion, we are dedicated to providing
affordable renewable energy options to Virginia residents. Teaming up
with Coronal Energy on the Essex Solar Center allows us to serve our
customers through our PPA arrangement, bring jobs to the county that
will benefit the local economy, and align with the state’s vision as
Virginia prioritizes clean energy initiatives.”

Two parcels of land comprise the 174-acre solar facility: Approximately
70 acres are owned by the Southside Rappahannock Baptist Association, a
nonprofit organization. The area is the former site of the Rappahannock
Industrial Academy (RIA), a school that operated in the first
half of the 20^th century, dedicated to educating the children
of former slaves. Revenue from the land lease will help support the
history and legacy of the historic site. The remaining acreage is owned
by a private landowner, Haile Properties, LLC. Both landowners’
participation in solar development encourages positive economic
development in the county and augments Virginia’s broader renewable
energy generation and carbon emissions reduction efforts.

“This solar project enables RIA to maintain the property and continue
having a lasting impact on the people of Essex County by providing
services and enhancing opportunities for all the children in the area,”
said James Hill, President, RIA Task Force.

Danny Van Clief, Chief Commercial Officer, Coronal Energy™ added, “As a
solar company working in Charlottesville, we’re particularly fond of
opportunities that arise where we have a local presence. The Essex Solar
Center enhances our sense of community and adds to our experience
developing in-state solar projects, including the similarly sized 20 MW
Woodland Solar Center in Isle of Wight County.”

McCarthy Building Companies has been engaged as the engineering,
procurement and construction (EPC) firm responsible for building the
solar facility, which is slated for completion in November 2017. This
project will add an estimated 80 – 100 jobs in the county during the
construction phase, a number that boosts the 2,300 solar jobs Dominion
Energy has created in the state of Virginia and the more than 3,200 jobs
the solar industry brings to the Virginia economy overall.

About Coronal Energy, powered by Panasonic

Coronal Energy, powered by Panasonic, is a leading independent power
producer providing turnkey solar energy solutions tailored for diverse
enterprise customers across North America, including utilities,
corporations, and the public sector. It unites the financial strength of
a Fortune Global 500 company (#128) and Panasonic’s award-winning
history of solar innovation and sustainability leadership with the
project development, finance, engineering, construction, and asset
management experience of Coronal Energy. The result is smarter solar
that translates to smarter business for customers. The collective
experience of Coronal Energy, powered by Panasonic, includes projects in
40 states totaling 2.3 GW, with more than 3.4 GW of greenfield and
brownfield projects under construction/contract or in development. For
more, please visit CoronalEnergy.com.

Learn more at coronalenergy.com.

About Dominion Energy

Dominion Energy (NYSE:D) is one of the nation’s largest producers and
transporters of energy, with a portfolio of approximately 26,200
megawatts of generation, 15,000 miles of natural gas transmission,
gathering and storage pipeline, and 6,600 miles of electric transmission
lines. Dominion Energy operates one of the nation’s largest natural gas
storage systems with 1 trillion cubic feet of storage capacity and
serves more than 6 million utility and retail energy customers.

For more information about Dominion Energy, visit the company’s website
at www.dominionenergy.com.

Contacts

Coronal Energy
Christina Atkinson, 212-697-2600
[email protected]
or
Dominion
Energy
Daisy Pridgen, 804-771-6115
[email protected]