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Virginia offshore wind project now producing power
Dominion Energy’s $11.5 billion Coastal Virginia Offshore Wind project began delivering electricity, overcoming federal stop-work orders and legal battles.
Cost of Va. Beach wind farm increases by close to $1B
Eggs aren’t the only thing getting more expensive. The estimated cost to build Dominion Energy‘s Coastal Virginia Offshore Wind (CVOW) project has increased from $9.8 billion to $10.7 billion, a 9% jump. Over the life of the project, the expected average impact to the monthly bill of a residential customer who uses 1,000 kilowatt-hours a […]
Dominion completes $2.6B sale of stake in offshore wind farm
Dominion Energy has completed its $2.6 billion sale of a 50% noncontrolling stake in its Coastal Virginia Offshore Wind project to investor Stonepeak, the Fortune 500 utility announced Tuesday. This transaction and several other recent sales reduce Dominion’s debt by approximately $21 billion, meeting a goal the utility set in a recent business review, according […]
Dominion to sell 50% interest in Va. Beach offshore wind farm for $3B
Dominion Energy announced Thursday it has reached an agreement with investment firm Stonepeak to sell a 50% noncontrolling stake in the Coastal Virginia Offshore Wind commercial project off the Virginia Beach coast for nearly $3 billion. If the sale is approved by the Virginia State Corporation Commission and the North Carolina Utilities Commission, as well […]
