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January 4, 2022

Madison Solar Farm, US

By Carmen

Madison Solar Farm is an 87.5MW solar PV power project. It is planned in Virginia, the US. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2022.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 87.5 87.5 Permitting Virginia, the US Cypress Creek Renewables; Dominion Energy; Sol Development; Sol Madison Solar; SolUnesco

Description

The project is being developed by Cypress Creek Renewables, Dominion Energy, Sol Development, Sol Madison Solar and SolUnesco. The project is currently owned by Dominion Energy.

Madison Solar Farm is a ground-mounted solar project which is planned over 400 acres.

The project is expected to generate 4,372,381MWh electricity and supply enough clean energy to power 10,000 households. The project is expected to offset 100,450t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $94.325m.

The solar power project consists of 227,000 modules.

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Development Status

Post completion of the construction, the project is expected to get commissioned in 2022.

Power Purchase Agreement

The power generated from the project will be sold to Northrop Grumman under a power purchase agreement from 2022. The offtake capacity is expected to be 62.5MW.

About Cypress Creek Renewables

Cypress Creek Renewables (Cypress Creek) is an integrated solar company engaged in developing, financing, building, and operating solar power projects. The company offers its services to third-party and self-managed solar facilities. Cypress Creek is headquartered in Santa Monica, California, the US.

About Dominion Energy

Dominion Energy Inc (Dominion) is an integrated energy utility. It offers electricity, natural gas, and related services. The company generates, transmits and distributes electricity; transmits, distributes, stores, and processes gas; and carries out LNG import and storage operations. Dominion produces electricity using natural gas, oil, coal, nuclear, hydro, biomass, wind, fuel cell and solar sources. Under long-term power purchase agreements, it purchases and sells electricity. The company serves residential, commercial, industrial and governmental customers across the eastern and Rocky Mountain regions in the US; and has offices in various cities across the country. Dominion is headquartered in Richmond, Virginia, the US.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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