Tag: CVOW
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Dominion Wind Price Jumps to $11.5B, Trump Blamed
Dominion Energy Virginia now expects its offshore wind facility, which has returned to full construction activity off the coast of Virginia Beach, will cost $11.5 billion. That is up about $365 million from the last report. It really wasn’t that long ago that Bacon’s Rebellion was aghast that the price had reached $8 billion. Oh,…
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Dancing on the Watery Grave of CVOW
By Steve Haner, As it becomes clear that the 90-day pause of the Dominion Energy Virginia offshore wind project is probably its final death rattle, the folks who encouraged the Trump Administration to kill it are looking to shift the blame to outgoing Virginia Republican Governor Glenn Youngkin. One of the organizations that filed a…
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Dominion Describes Efforts to Limit Turbine Radar Interference
By Steve Haner Dominion Energy Virginia’s team building its offshore wind facility spent years working with the U.S. Navy and the air defense agency NORAD on ways to mitigate the problems that would be caused by the 836-foot-tall turbines, reaching several agreements, the utility has told a federal court. The company – meaning ultimately the…
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FLASH: Trump Administration Stops CVOW Construction Work
by Steve Haner I was wondering why Dominion Energy had not issued its quarterly report on the progress of its Coastal Virginia Offshore Wind (CVOW) project, or why when down there earlier this month, watching with binoculars from a high hotel room, I could see no sign of any activity on the construction site. Now we…
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SCC Staff Sees Need for More Gas Because Wind Will “Collapse”
by Steve Haner The staff of the State Corporation Commission (SCC) has concluded that Dominion Energy Virginia cannot meet the energy demands of our data- center based digital economy with renewable energy projects alone, and “does not oppose” adding natural gas. “It is unlikely, in Staff’s opinion, that renewable energy development alone will suffice to…
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Two Virginia Wind Energy Grants Cancelled by Trump’s DOT
by Steve Haner President Donald Trump’s war on the offshore wind industry has finally reached Virginia with the cancellation of two U.S. Department of Transportation grants intended to help develop Hampton Roads as a hub for that now-endangered industry. The decision was announced Friday. There still has been no attempt, and not even any public…
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SCC Raises Dominion Wind Price, Exempts PIPP Participants
by Steve Haner The four-part rate hike hitting Dominion Energy Virginia bills by September 1 is now five parts. The increase of more than $14 on a 1,000-kilowatt hour residential bill will now be just under $17 instead. The price we are paying for Dominion’s offshore wind project is also going up. The expected additional…
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Dominion’s Wind Farm Price Jumps $900M
Dominion Energy Virginia has announced a $900 million increase in the capital costs of its Coastal Virginia Offshore Wind project, bringing the new projected total to $10.7 billion. The additional expense will be incurred on transmission interconnections needed to allow the power to move within the PJM regional electricity market. The news came in a…
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The Expensive Triple Whammy If Dominion Wind Dies
By Steve Haner On its face the executive order President Donald Trump signed to bring a halt to future offshore wind turbines on federal ocean leases did not target the Virginia project underway. Dominion Energy Virginia is reporting it has all the federal permits it needs and will continue pushing toward its late 2026 completion date…
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Dominion Wind Partnership Deal Drawing No Opposition at SCC
By Steve Haner Dominion Energy Virginia’s proposal to sell a half-interest in its first offshore wind farm to a hedge fund is drawing no opposition at the State Corporation Commission, which will hold a hearing on the issue August 27. The only analysis of the impact of the transaction has come from the SCC’s own…
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Dominion Acquires Wind Lease Adjacent to CVOW
The federal Bureau of Ocean Energy Management (BOEM) announced today that Dominion Energy Virginia has successfully bid on the second wind energy lease area off Virginia Beach, the plot which is adjacent to, and further out to sea from, the Coastal Virginia Offshore Wind project. If developed, along with the recently acquired North Carolina project,…
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To End Carbon Energy We Need More Carbon Energy!
By Steve Haner Three recent announcements from Dominion Energy Virginia in rapid succession point a path forward for the utility that complies in part and utterly rejects in part the carbon-free energy pipe dream of the Virginia Clean Economy Act (VCEA). All three of the announcements will result in major cost increases to the company’s…
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Will Dominion Now Have Three Offshore Windfarms?
By Steve Haner The Kitty Hawk North windfarm off the coast of North Carolina, stalled because of its need to bring transmission cables ashore under Virginia’s Sandbridge Beach neighborhood, now has a new owner, a new name and a new lease on life. It is hard to imagine Dominion Energy Virginia would buy it without some…
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Injunction to Stop Wind Project Denied
A federal judge in Washington has declined to prevent Dominion Energy Virginia from constructing its offshore wind turbines, but presumably the underlying legal challenge to the federal permitting process will grind on through the court process. Virginia Mercury reports the basics this morning. Installation of the first monopiles actually started while the judge was still…
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Investor in Dominion Wind Buys $150M Island
By Steve Haner One of the leaders of investment firm Stonepeak, which is buying a 50% share in Dominion Energy’s Virginia Virginia Beach wind project, just bought a private island. The story is reported by the New York Post, which mentions his role in the major investment firm but doesn’t make the connection to the…