Strome Business Minute With Dr. Jeff Tanner

Virginia just cut a deal with Dominion Energy to buy renewable energy. Most of the energy will come from Dominion’s solar installations, and we’re buying the equivalent of what’s needed to power one hundred thousand homes. Virginia has the potential to be the east coast leader in renewable energy, especially wind, but is way behind other states. The wind energy generated in this agreement is from an on-shore installation that has yet to be built. In fact, this would be Virginia’s first wind energy installation, as the Commonwealth is among only nine states without wind energy. Virginia, though, is kicking things off in a big way, as the National Governor’s Association says this is the biggest single contract for renewable energy by a state.