- Dominion Energy remains on target to install between 70-100
monopile foundations by end of October
- Coastal Virginia Offshore Wind remains on budget and on
schedule to complete construction in late 2026
RICHMOND, Va., Aug. 12,
2024 /PRNewswire/ -- Dominion Energy announced today
the 50th monopile foundation for the 2.6-gigawatt Coastal
Virginia Offshore Wind (CVOW) was installed 33 miles off the coast
of Virginia Beach, keeping the
project on schedule to hit the company's target of 70-100 monopiles
set into the sea floor during the first of two installation seasons
that run through the end of October.
CVOW, the largest offshore wind project under construction in
the United States, will consist of
176 turbines that will generate enough clean, renewable energy to
power up to 660,000 homes and is expected to generate fuel savings
of $3 billion for customers during the first 10 years of
operation. Construction remains on schedule to be complete in late
2026.
"Our on-time, on-budget Coastal Virginia Offshore Wind project
proves that regulated offshore wind works in the United States," said Robert M. Blue, Dominion Energy's chair,
president and chief executive officer. "Offshore wind is critical
to our all-of-the-above approach to provide our customers with
affordable, reliable and increasingly clean energy."
The monopile foundations, which are being staged at Portsmouth
Marine Terminal, are single vertical, steel cylinders manufactured
by global leader EEW SPC and are being installed into the sea floor
to support the wind turbine generators. Consistent with the project
construction schedule, Dominion Energy will continue to install
monopiles through the fall of 2024 and resume installations in May
2025.
Offshore wind's economic development and jobs benefits are
transformative for Hampton Roads and the Commonwealth. More than
800 Virginia-based workers – nearly 670 in the Hampton Roads region
– have been engaged on the CVOW project or with other businesses
supporting CVOW. More than 1,000 local jobs will be needed to
support ongoing operations and maintenance of this facility after
the project begins commercial operation.
About Dominion Energy
More than 4.5 million customers in 13 states energize their
homes and businesses with electricity or natural gas from Dominion
Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to
providing reliable, affordable, and increasingly clean energy every
day and to achieving Net Zero emissions by 2050. Please visit
DominionEnergy.com to learn more.
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SOURCE Dominion Energy