The US Bureau of Ocean Energy Management (BOEM) has granted construction approval to Dominion Energy for its planned 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The project will be situated 23.5 nautical miles offshore Virginia Beach in the state of Virginia. Reportedly, onshore work will be initiated later in 2023, and the project is on schedule and within the estimated budget.
It is projected that the project will be completed in late 2026. The project is expected to create 900 jobs annually during the construction phase and 1,100 jobs each year once operational. It will generate enough clean energy to meet the needs of 660,000 homes in the region.
In September 2023, the US Bureau of Ocean Energy Management finished the environmental analysis for Dominion Energy’s 2.6 GW Coastal Virginia Wind project and will issue a notice of availability for the final environmental impact statement in the coming days. Reportedly, it revealed plans to offload a non-controlling interest in the scheme in order to de-risk it.
REGlobal’s Views: The U.S. offshore wind energy target was set in March 2021 for 30 GW by 2030. The country has witnessed various auctions and project announcements in the past few months to enable this capacity addition.
