Axton Solar (PJM-AE2-140) — Project Summary

Queue ID
PJM-AE2-140
Capacity
201.1 MW
Technology
Solar
Status
suspended
Location
Henry, VA
Region
PJM
Developer
IA Status
IA Executed

Axton Solar

PJM-AE2-140BetaSuspendedSolarPJMLBNL + Live

201.1 MW generation in Henry, VA · In queue since March 2019 · Proposed COD December 2025

BA: PJMISO/RTO: PJMNERC: SERCRC: PJM

201.1 MW

Capacity

1

Components

Solar

7y 4m

In Queue

IA Executed

IA Phase

COD target: 2025

Interconnection

Total Duration

6y 9m

Suspended75%
Queue EntryMar 11, 2019

Interconnection request submitted to ISO/RTO

System Impact Study

PJM processes interconnection requests through multi-phase System Impact Studies (SIS).

Typical: ~48 months (historically longest)

Interconnection Agreement

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

Construction

Construction pending

Typical: 12–24 months

Commercial Operation

Proposed COD: 2025-12-31

Project lifecycle
as of 2025-02-28
OperationalNoHenry County Enterprise · 2021-12-03
TechnologySolarMartinsville Bulletin · 2025-02-28
DeveloperEnergix±Martinsville Bulletin · 2025-02-28
Permit decisionContestedMartinsville Bulletin · 2025-02-28
About

Axton Solar is a proposed 201.1 MW solar generation project located in Henry County, Virginia. The project, developed under utility AEP, is interconnected within the PJM Interconnection queue as entry PJM-AE2-140, with a queue entry date of March 11, 2019. The proposed commercial operation date is December 31, 2025, and the Interconnection Agreement (IA) has been executed.

The proposed project is linked to the existing Axton Solar operating plant (EIA plant ID 65462). Axton Solar has been featured in recent news coverage, with 10 articles primarily focusing on regulatory matters. The project's status is currently listed as suspended.

Generated from interconnection queue and public data sources

Development Risk

Realization risk from now to commercial operation — financing close, EPC and tax-equity counterparty mix, and COD probability vs the proposed date. The diligence view that determines whether the deal actually closes. Powered by InfraSure's development-stage modeling stack.

Available on the InfraSure platform

See the full development-risk decomposition for this project.

P(COD by stated date)
Financing close probability
EPC + tax-equity counterparty
Project Details

State

VA

County

Henry

Grid Region

PJM Interconnection

Market

ISO/RTO Member

Developer

Utility

AEP

Entity

PJM

Service Type

NRIS

Point of Interconnection

Axton-Danville 138 kV

Data Source

LBNL + Live

ApplicantAxton Solar, LLC±WSET · 2022-12-14
AgencyHenry County Circuit Court±Martinsville Bulletin · 2025-02-28
RulingApproval±WSET · 2022-12-14
Risk Analytics

Composite operating-phase risk view — what this asset's risk profile will look like once it commissions. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.

Available on the InfraSure platform

See the full risk decomposition + scenarios for this project.

Climate hazards (8+)
Generation variability (P10/P50/P90)
Offtake + transmission counterparty
Generation Forecast

Forward generation outlook — first-year production estimate and 10-year P50 trajectory, with probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.

Available on the InfraSure platform

See the full forecast + scenario decomposition for this project.

10-year P50 forecast
First-year output estimate
Weather + policy scenarios
Financial Forecast

Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. First-year DSCR, 10-year cashflow, and counterparty exposure across price and policy scenarios. Powered by InfraSure's asset cashflow stack.

Available on the InfraSure platform

See the full revenue + DSCR projection for this project.

10-year revenue projection
First-year DSCR
Financing close risk
Market Context
Approximate
ISO / RTO
PJM
Trading Hub
DOMINION HUB
Hub Confidence
MEDIUM
Nearest Node (Estimated)
AXTONAEP34.5 KV AXTONSP
POI Substation
Axton Substation

This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.

Insights & Articles (3)Beta

Last updated 2026-03-26

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Forward forecasts, scenario decomposition, and risk-decision tooling for this queue project.