Developer profile
Dominion Energy
outlook pending Richmond, Virginia, United States
About
A regulated US utility serving Virginia and the Carolinas, whose offshore wind exposure is essentially one very large project off the Virginia coast, built for its own regulated customers rather than sold into a merchant market. That structure is unusual and consequential: costs are recovered through the rate base with regulatory approval, which insulates the project from the offtake collapse that hit developers in neighbouring states.
6 yrs
In the waterfirst COD 2020
3
Projects1 country
0.01 GW
Delivered & operating1 project, net of stake
Outlook
Stated target
Target discontinued / none stated
Return discipline
—
Portfolio
3 held · live stages first, exits lastCapacity is net of ownership stake — a 50% JV counts half. Gross exposure (full nameplate of every project held): 3.41 GW.
| Project | Country | Stage | MW | Stake | Net MW |
|---|---|---|---|---|---|
| Coastal Virginia Offshore Wind Pilot (CVOW-P) | United States | Operational | 12 | 100% | 12 |
| Coastal Virginia Offshore Wind (CVOW) | United States | Under Construction | 2600 | 50% | 1300 |
| Kitty Hawk North | United States | Early Development | 800 | 100% | 800 |