The University of Virginia and its Darden School of Business have entered into an innovative solar power partnership with Dominion Virginia Power. Under the agreement, the University and Darden will purchase the entire output of electricity produced at a new, 160-acre solar facility in King William County for the next 25 years. The UVA Hollyfield Solar project – owned by Dominion, who will construct and operate it – is expected to produce an estimated 17 megawatts of alternating current, a figure representing about 12 percent of the University’s electric demand.
Dominion acquired the Hollyfield Solar Project as a development asset from Virginia Solar LLC, a Virginia-based company. The facility will feature approximately 65,000 solar panels, enough to power about 4,250 homes at peak output. Construction is slated to start in late 2017, with commercial operations occurring by the end of 2018.