- Exceeded initial objectives with 78 monopile foundations and
4 offshore substation foundations safely installed since
May 22
- Second installation season begins May
2025
- CVOW is fully permitted by state and federal authorities,
remains on-budget and on schedule to complete construction in late
2026
RICHMOND, Va., Nov. 1, 2024
/PRNewswire/ -- Dominion Energy announced today that 78 monopile
foundations and 4 offshore substation foundations were installed
for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) project
during the first installation season, achieving the company's
initial objectives of at least 70 monopiles set into the sea floor
27 miles off the coast of Virginia
Beach.
CVOW, the largest offshore wind project under construction
in the United States, will
consist of 176 turbines that will generate enough clean, renewable
energy to power up to 660,000 homes and is expected to generate
fuel savings of $3 billion for customers during the first
10 years of operation.
CVOW construction remains on-budget and on schedule to be
complete in late 2026. The project is now 43 percent complete. For
the next few months, the company will focus on installation of the
first offshore substation, continued export cable lays and onshore
transmission construction, and placement of transition pieces on
top of monopiles in preparation for turbine installation starting
in 2025.
"Our Coastal Virginia Offshore Wind project shows that regulated
offshore wind works in the United
States," said Robert M. Blue, Dominion Energy's chair,
president and chief executive officer. "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 monopile foundations, which are being staged at Portsmouth
Marine Terminal, are single vertical, steel cylinders manufactured
by global leader EEW SPC and are being installed into the sea floor
to support the wind turbine generators supplied by Siemens Gamesa
Renewable Energy. Consistent with the project construction
schedule, monopile installations will resume in May 2025.
Offshore wind's economic development and jobs benefits are
transformative for Hampton Roads and the Commonwealth. Nearly 1,000
Virginia-based workers – more than
800 in the Hampton Roads region – have been engaged on the CVOW
project or with other businesses supporting CVOW. More than 1,000
local jobs will be needed to support ongoing operations and
maintenance of this facility after the project begins commercial
operation.
About Dominion Energy
Dominion Energy (NYSE: D),
headquartered in Richmond, Va.,
provides regulated electricity service to 3.6 million homes
and businesses in Virginia,
North Carolina, and South Carolina, and regulated natural gas
service to 500,000 customers in South
Carolina. The company is one of the nation's leading
developers and operators of regulated offshore wind and
solar power and the largest producer of carbon-free
electricity in New England. The company's mission is to provide the
reliable, affordable, and increasingly clean energy that powers its
customers every day. Please visit DominionEnergy.com to learn
more.
This release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 that are subject to various risks and uncertainties. These
factors are identified in Dominion Energy's Forms 10-K and 10-Q
filed with the U.S. Securities and Exchange Commission. Dominion
Energy refers readers to those reports for further information. Any
forward-looking statement speaks only as of the date on which it is
made, and Dominion Energy undertakes no obligation to update any
forward-looking statement to reflect events or circumstances
occurring after the date on which it is made.
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SOURCE Dominion Energy
