NOVEC purchases 300 MW of Eastern U.S. solar projects

Northern Virginia Electric Cooperative (NOVEC) and D. E. Shaw Renewable Investments (DESRI) recently reached an agreement for NOVEC to purchase approximately 300 MW of energy output from solar facilities owned by DESRI. NOVEC selected DESRI from among multiple bidders to provide the cooperative with additional renewable resources. “This agreement with DESRI is another step toward meeting our customers’ expectations for more renewable energy in NOVEC’s resource mix. Purchasing the output from these new solar facilities will be a valuable addition to our energy supply,” said Stan Feuerberg, president and CEO of NOVEC.

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