Dominion Energy’s Coastal Virginia Offshore Wind received a favorable Record of Decision from the Bureau of Ocean Energy Management. The project is on-time and on budget with onshore construction commencing later this year. This is the last major milestone before BOEM approves the Construction and Operations Plan, which authorizes construction to begin offshore. The 2.6-gigawatt CVOW project will generate enough clean, renewable energy to power up to 660,000 homes once fully constructed in late 2026 and satisfy the mandates the 2020 Virginia Clean Economy Act. CVOW is expected to generate fuel savings of $3 billion for customers during the project’s first 10 years of operation.
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