Renewable energy developer, owner and operator Longroad Energy has sold its 108 MW DC Foxhound Solar project to Dominion Energy.
Foxhound, based in Halifax County, Va., has been in development for six years and recently began construction. Foxhound is the first utility project to be certified as Virginia Pollinator-Smart, a biodiversity program overseen by the Virginia Department of Conservation and Recreation and the Virginia Department of Environmental Quality. As part of its certification, the Foxhound project uses native plant species under the solar panels and a pollinator-friendly seed mix around the arrays.
First Solar supplies Foxhound with domestic Series 6+ solar modules. Nextracker supplies the tracking equipment for the project and TMEIC supplies the solar inverters. The project will be connected near the Clover power plant. Foxhound is predicted to employ 150-200 workers during peak construction periods.
The financial completion of the transaction is expected after the mechanical completion of the project, which is expected to take place in January 2024.
“Foxhound marks Longroad’s first solar project in Virginia and our first greenfield development project in PJM,” said Paul Gaynor, CEO of Longroad Energy. “We are pleased that Dominion Energy is acquiring Foxhound to support its key customers’ sustainability goals and renewable energy goals set forth in Virginia’s Clean Economy Act.”
KeyBank NA and HSBC act as lenders. Balch & Bingham advised Longroad on the deal.
