The U.S. Bureau of Ocean Energy Management has approved Dominion Energy’s 2.6-gigawatt (GW) Coastal Virginia Offshore Wind project, the largest of five commercial offshore wind developments approved by the U.S. to date, the agency said on Oct. 31.
Capable of powering more than 900,000 homes, the project will include 176 wind turbine generators, each with a capacity of 14.7 megawatts, and three offshore substations. Construction is expected to be complete in 2026, helping move the U.S. closer to its goal of deploying 30 GW of offshore wind capacity by 2030.
“Today’s approval of the largest offshore wind project in U.S. history builds on the undeniable momentum we are seeing,” Secretary of the Interior Deb Haaland said in a statement. “Together with the labor community, industry, Tribes and partners from coast to coast, we are aggressively working toward our clean energy goals.”
Dominion Energy said construction for the project, which is on time and on budget, is scheduled to begin later this year. The first eight monopile foundations were recently offloaded at the Portsmouth Marine Terminal.
“Receiving a favorable Record of Decision from the Bureau of Ocean Energy Management is a monumental achievement for Dominion Energy and the Coastal Virginia Offshore Wind team. More than a decade of work has gone into the development, design and permitting of CVOW,” Dominion Energy CEO Bob Blue said. “Offshore wind is a vital part of our strategy to provide our customers with a diverse fuel mix that delivers reliable, affordable and increasingly clean energy.”
The latest approval follows the approval of Vineyard Wind 1 offshore Massachusetts, South Fork Wind offshore New York, Ocean Wind 1 offshore New Jersey and Revolution Wind offshore Rhode Island. BOEM said the projects will collectively add more than 5 GW of renewable energy to U.S. grids, providing enough to power more than 1.75 million homes.
The bureau said it is on track to complete reviews of at least 16 offshore wind energy project plans by 2025. Together, the projects represent more than 27 GW of clean energy.
Recommended Reading
TotalEnergies Sells Half of UK Gas Power Plant to Subsidiary of EPH
2024-12-16 - TotalEnergies acquired the power plant, called West Burton Energy, for US$473.4 million in June.
Enterprise Closes $950MM Acquisition of Delaware’s Piñon Midstream
2024-10-28 - Enterprise Products Partners acquisition of Piñon Midstream expands Enterprise’s New Mexico Delaware Basin footprint with sour-gas processing.
Vivakor Closes Acquisition of Permian, Eagle Ford Crude Logistics
2024-10-08 - Vivakor purchased Endeavor Crude and related companies, which have a series of long-term strategic partnerships with customers in the Permian Basin, Eagle Ford Shale and Oklahoma’s STACK play.
Firms Take Fight Against $132MM Martin Midstream Merger
2024-12-02 - Nut Tree Capital Management and Caspian Capital accused Martin Resource Management of proposing an insider deal that undervalues the cost of Martin Midstream’s shares.
Total Close to $2.1B Acquisition of Germany’s VSB—Report
2024-12-03 - TotalEnergies is close to acquiring vertically-integrated renewable developer VSB Group from private equity firm Partners Group for about 2 billion euros, Bloomberg News reported.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.