Dominion Energy Renewable and Energy Storage PPA 2025 RFP

Dominion Energy Virginia (DEV) and Dominion Energy North Carolina (DENC) are soliciting proposals for power purchase agreements (PPAs) covering new photovoltaic solar generation, onshore wind generation, energy storage systems, or combinations thereof. The solicitation seeks distributed solar projects (50 kW-ac to 3 MW-ac), utility-scale solar projects (greater than 3 MW-ac), onshore wind facilities, and standalone or paired energy storage systems with four-hour lithium-ion battery duration. All facilities must achieve commercial operations by December 31, 2029, with 100% exclusive output to the utility. The Company seeks total capacity of up to 100 MW for distributed solar, up to 1,000 MW for utility-scale solar and onshore wind combined, and up to 500 MWac for energy storage solutions.

Bidders must register by submitting an Intent-to-Bid form and executed Confidentiality Agreement by January 20, 2026. Form Power Purchase Agreements will be emailed November 21, 2025. Proposals must be submitted electronically via SharePoint by February 9, 2026 at 3:00 PM Eastern Time. The RFP process is expected to conclude in Q2 2026, with proposals remaining binding through September 30, 2026.

The evaluation process includes both price and non-price criteria. Price evaluation uses generation planning and production cost models to determine economic value and minimize present value revenue requirements. Non-price evaluation assesses economic and community impact, constructability risk (experience, development planning, technical design, interconnection status), and business risk (agreement terms, local and environmental permitting). Projects must demonstrate advanced land control, detailed development schedules with contractor commitments, and mitigation of identified environmental and permitting risks.

Proposals must include comprehensive documentation: bidder financial information (2022-2025 audited statements), site plans with confirmed land rights, development schedules with risk mitigation, environmental and permitting plans, operations and maintenance plans, credit packages ($90/kW at execution, $60/kW at COD), and fully marked-up Form Agreements with execution-ready status. All proposals require compliance with Virginia and North Carolina interconnection queue processes, local permitting requirements, and environmental assessments including endangered species surveys, wetland delineation, and cultural resources reviews.