Dominion Energy's Coastal Virginia Offshore Wind Progress Update
Dominion Energy Completes Successful First Season of Monopile Installations
Dominion Energy recently marked the successful completion of its first monopile installation season for the Coastal Virginia Offshore Wind (CVOW) project. This ambitious project has successfully installed a total of 78 monopile foundations and 4 offshore substation foundations, significantly exceeding the company's initial goals. The efforts have been executed safely and efficiently 27 miles offshore.
Key Achievements in the Project
As part of CVOW, the largest offshore wind project underway in the United States, Dominion Energy has installed enough infrastructure to support 176 turbines. These turbines will harness renewable energy to power up to 660,000 homes, generating substantial fuel savings projected to reach $3 billion during the project’s first decade of operation.
Budget and Timeline
What's even more impressive is that the project remains on budget and on track to be completed by late 2026. Currently, it is 43% complete, showcasing effective project management. Over the coming months, efforts will shift to installing the first offshore substation, laying down export cables, and constructing onshore transmission lines, all in preparation for the turbine installation slated to begin in 2025.
Leadership Insights
Robert M. Blue, chair, president, and chief executive officer of Dominion Energy, emphasized the project’s significance. He stated, "Our Coastal Virginia Offshore Wind project shows that regulated offshore wind works in the United States. As we face unprecedented customer demand, offshore wind is critical to our diverse, all-of-the-above generation mix to keep the lights on for our customers with affordable, reliable, and increasingly clean energy."
The Importance of Monopile Foundations
The monopile foundations, manufactured by EEW SPC, a global leader in the industry, are single vertical steel cylinders designed to anchor the wind turbines in place securely. These foundations are currently staged at the Portsmouth Marine Terminal and will resume installation in scheduled phases as part of the project.
Local Economic Impact
The construction of the CVOW project is poised to bring transformative economic development and job creation to the region. Nearly 1,000 Virginia-based workers, including over 800 from the Hampton Roads area, have contributed to the project's advancement. Estimates predict that more than 1,000 local jobs will be necessary to support the ongoing operations and maintenance once the project is operational.
About Dominion Energy
Dominion Energy (NYSE: D) is based in Richmond, Virginia, and is a leader in providing regulated electricity service to approximately 3.6 million homes and businesses across Virginia, North Carolina, and South Carolina, and natural gas service to an additional 500,000 customers in South Carolina. The company prominently positions itself as one of the foremost developers of renewable offshore wind and solar energy in the country, dedicated to producing clean energy solutions for today and into the future.
Frequently Asked Questions
What is the Coastal Virginia Offshore Wind project?
The Coastal Virginia Offshore Wind project is a large-scale offshore wind initiative by Dominion Energy, aimed at generating renewable energy from offshore wind turbines.
How many turbines are planned for the project?
The Coastal Virginia Offshore Wind project plans to install 176 turbines.
What financial benefits does the project offer?
The project is expected to generate fuel savings of $3 billion for customers over the first ten years of operation.
When is the next installation season for the project?
The second installation season is scheduled to begin in May 2025.
How many local jobs will be created by the project?
The project is anticipated to create and sustain over 1,000 local jobs in the region for ongoing operations and maintenance after its completion.
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