Dominion Energy, Inc. (NYSE: D) provided updates on the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The fully permitted project is now approximately 50%…
Dominion Energy, Inc. (NYSE: D) provided updates on the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The fully permitted project is now approximately 50% complete and remains on track for on-time completion by the end of 2026.
CVOW continues to achieve construction milestones, including successfully installing the first 16 transition pieces, which connect the foundation and tower for each of the 176 wind turbines. Delivery of the first of three 4,300-ton offshore substations to the Portsmouth Marine Terminal in Virginia Beach occurred at the end of January. Fully fabricated monopiles, transition pieces, undersea cables, and other major components continue to be delivered in preparation for on-schedule installation. Wind turbine tower and blade fabrication is underway, with nacelle fabrication beginning later this quarter. SiemensGamesa, the project’s wind turbine supplier, is manufacturing the same model for CVOW, which has been successfully fabricated and installed and is now operating at the Moray West offshore wind project. Charybdis, the American-built, flagged, and crewed wind turbine installation vessel (WTIG), is now 96% complete and has commenced sea trials in Brownsville, Texas.
- Project cost updated
Estimated total project costs, including contingency and excluding financing, have increased ~9 percent, from $9.8 billion to $10.7 billion.
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