Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project has made substantial strides, representing a milestone in the expansion of renewable energy within the United States. The company has completed the installation of 78 monopile foundations and four offshore substation foundations, wrapping up the first phase of construction for this ambitious 2.6-gigawatt endeavor. This development highlights […]
Dominion Energy has finalised a significant transaction, closing the sale of a 50% non-controlling interest in its Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak. This landmark deal, worth approximately $2.6 billion, comes as part of Dominion’s broader strategic efforts to restructure its portfolio and reduce debt. Stonepeak’s investment reflects a growing trend among […]
Dominion Energy has reached a pivotal moment, receiving the final major federal approvals necessary for the commencement of its Coastal Virginia Offshore Wind (CVOW) project. This 2.6-gigawatt wind farm, poised to be the largest in the United States, is on track to provide clean, renewable energy to approximately 660,000 homes by late 2026. The Bureau […]