Dominion Energy’s $10 billion Coastal Virginia Offshore Wind project is now 55% complete.
The 2.6-gigawatt wind farm, located 27 miles off Virginia Beach, will feature 176 turbines and three offshore substations across 113,000 acres.
Once operational in late 2026, it will generate enough clean electricity to power 660,000 homes annually.
Infrastructure investor Stonepeak owns a 50% non-controlling equity interest after investing $2.6 billion in construction funding.
Dominion Energy maintains full operational control and used the deal to help slash $21 billion in company debt.
Despite inflation and supply chain hurdles, the project remains on time and on budget.
The wind farm is set to become a major force in U.S. clean energy expansion and Virginia’s energy transition.
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