In its report for the third quarter of the year, released on 3 November, Dominion Energy said the company is in “advanced stages of a robust process to transact with a partner” and that there is “considerable interest from attractive and high-quality potential counterparties.”
The decision on a project partner for the 2.6 GW offshore wind farm is the final strategic step of the company’s business review and will be made by the end of this year or in early 2024.
offshoreWIND.biz is read by thousands of professionals every day.
Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.
Follow offshoreWIND.biz on:
Join thousands of industry professionals who start their day with our newsletter.
“It is in the long-term best interest of our customers and shareholders that we make the right, not just the expedient, decision on a CVOW partnership,” Dominion Energy said.
The offshore wind farm has just received the US Department of Interior’s approval of the construction and operations plan (COP), with the Bureau of Ocean Energy Management (BOEM) issuing a Record of Decision (ROD) that documents the decision to approve the construction of 176 and three offshore substations within the lease area.
The Coastal Virginia Offshore Wind (CVOW) project will comprise 176 Siemens Gamesa 14 MW wind turbines and three offshore substations in the 112,800-acre commercial lease area located 27 miles (about 43 kilometres) off the Virginia Beach coast.
Construction and fabrication activities are already underway, with the monopile foundations arriving at the Portsmouth Marine Terminal in Virginia. The installation of foundations and wind turbines is scheduled to begin in 2024.
Once fully constructed in 2026, the 2.6 GW offshore wind farm will be able to generate enough electricity to power up to 660,000 households.
Follow offshoreWIND.biz on:
12 days ago
about 2 years ago
Dominion Energy has submitted a filing with Virginia’s State Corporation Commission (SCC) with an updated levelised cost of energy (LCOE) calculation for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The updated LCOE is USD 77/MWh (approximately EUR 72.20/MWh), decreasing from the previo
