Dominion Energy’s 2.6GW wind farm, planned for a site off Virginia in the US, is on track and on budget, company executives said in an earnings call this week.
"As it relates to the project's execution, it's very much on track and on budget," CEO Robert Blue told analysts.
A settlement had been reached in December regarding rules for the construction cost and performance of the $9.8 billion Coastal Virginia Offshore Wind (CVOW) project.
Dominion had previously said that it might scrap the project if a performance guarantee were required. Such a guarantee would have been unprecedented in the US.
The project is currently in environmental review, with public comments due on the draft environmental impact statement by February 14.
CVOW is expected online in 2026. Sited 42km off Virginia Beach, it will consist of 176 Siemens Gamesa Renewable Energy SG 14-222 DD turbines, according to Windpower Intelligence, the data and research arm of Windpower Monthly.