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Wanted: partner for America's largest offshore wind farm amid industry storm - Recharge

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Wanted: partner for America's largest offshore wind farm amid industry storm | Recharge

Dominion Energy confirmed that it is looking to sell a stake in its mammoth 2.6GW Coastal Virginia Offshore Wind (CVOW) project, the US’ largest, despite optimism the array has skirted the worst of inflation and remains on time and on budget.

Wanted: partner for America's largest offshore wind farm amid industry storm

Potential equity stake sale in Coastal Virginia Offshore Wind project part of ongoing business review to bolster balance sheet long-term and credit position

6 September 2023 20:06 GMT Updated 7 September 2023 6:01 GMT
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Related Knowledge Center: ENERGY BASICS: wind

State of Play

Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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