Dominion on track to commission CVOW offshore park in 2026

US utility Dominion Energy Inc’s (NYSE:D) 2.6-GW Coastal Virginia Wind (CVOW) is proceeding according to schedule and on budget, with completion still targeted in 2026.

The company said in its second-quarter earnings presentation last week that it expects to get a Record of Decision (ROD) from the US Bureau of Ocean Energy Management (BOEM) in the second half of this year.

The USD-10-billion (EUR 9.09bn) CVOW will be located about 27 miles (43 km) off the coast of Virginia Beach and is expected to generate electricity for up to 660,000 homes from 176 Siemens Gamesa turbines of 14.7-MW each. Offshore construction is due to be launched in 2024.

BOEM issued the draft Environmental Impact Statements (EIS) for the project last December. Dominion secured a commercial wind lease for the project area back in 2013. The utility’s commercial project will be executed following a 12-MW pilot scheme of two turbines that was brought online in 2020.

Last year, Dominion submitted with Virginia regulators a settlement agreement for CVOW which substituted the project’s performance guarantee with a cost-sharing approach for unforeseen costs.

(USD 1.0 = EUR 0.909)

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