Dominion upbeat on offshore wind as cost estimate eases, sales rise

Dominion upbeat on offshore wind as cost estimate eases, sales rise

CEO Robert Blue said the 2.6-GW Coastal Virginia Offshore Wind farm, which began producing some electricity in March, should be fully operational by 2027 and generate approximately $5 billion in fuel savings over 10 years. The utility’s fuel and other energy-related costs jumped 67% in Q1.

Dominion's Virginia offshore wind project costs fall $100m as tariff outlook improves

CVOW, the nation's largest project, is now three quarters constructed and on track for July 2027 completion