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February 04,2025

CVOW 2.6 GW Wind Project Cost Rises 9%, Reaches $10.7bn

Dominion Energy's 176-turbine Coastal Virginia Offshore Wind (CVOW) project has seen a 9% cost increase, rising from $9.8bn to $10.7bn. The 2.6GW project, 50% complete, is still on track for completion by 2026. The increase is due to higher network upgrade and Onshore interconnection costs. A cost-sharing mechanism protects customers, limiting their impact to a 43 cent per month increase on bills.

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