{"id":402919,"date":"2020-12-18T11:08:13","date_gmt":"2020-12-18T16:08:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402919"},"modified":"2020-12-18T11:08:13","modified_gmt":"2020-12-18T16:08:13","slug":"dominion-energy-files-construction-and-operations-plan-for-coastal-virginia-offshore-wind-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dominion-energy-files-construction-and-operations-plan-for-coastal-virginia-offshore-wind-project\/","title":{"rendered":"Dominion Energy Files Construction and Operations Plan for Coastal Virginia Offshore Wind Project"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">&#8211; Filing with Bureau of Ocean Energy Management begins approximately two-year federal review process<\/h2>\n<h2 class=\"xn-hedline\">&#8211; Company on schedule to start construction on 2,640-megawatt Coastal Virginia Offshore Wind (CVOW) in 2024<\/h2>\n<h2 class=\"xn-hedline\">&#8211; CVOW estimated to create hundreds of millions of dollars of positive economic impact, hundreds of jobs, enough renewable energy to power up to 660,000 homes<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p \/>\n<p>\n        <span class=\"xn-location\">RICHMOND, Va.<\/span>, <span class=\"xn-chron\">Dec. 18, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Dominion Energy announced today the company has filed with the Bureau of Ocean Energy Management (BOEM) the required Construction and Operations Plan (COP) to build the 2,640-megawatt Coastal Virginia Offshore Wind (CVOW) commercial project, the largest planned offshore wind farm in <span class=\"xn-location\">the United States<\/span>. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/510462\/Dominion_Energy_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/510462\/Dominion_Energy_Logo.jpg\" title=\"(PRNewsfoto\/Dominion Energy)\" alt=\"(PRNewsfoto\/Dominion Energy)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;This is an important step in the process toward bringing commercial-scale offshore wind to the Commonwealth and shows Dominion Energy is committed to delivering the clean, renewable and reliable energy our customers expect from us,&#8221; said <span class=\"xn-person\">Joshua Bennett<\/span>, Dominion Energy&#8217;s vice president of offshore wind. &#8220;We look forward to working with the Bureau of Ocean Energy Management as the CVOW commercial project moves through the permitting process.&#8221;<\/p>\n<p>The COP includes information about the construction, operations and conceptual decommissioning plans for Dominion Energy&#8217;s proposed offshore wind farm to be installed within a 112,800-acre Commercial Lease Area located 27 miles off the coast of <span class=\"xn-location\">Virginia Beach<\/span>, which Dominion Energy obtained in 2013. Information about onshore and support facilities is included in the COP as well.<\/p>\n<p>Through this filing, Dominion Energy shows, among other things, it designed and sited the CVOW commercial project in a manner that protects natural resources, the environment and human and wildlife health; uses the best available and safest technology; and does not unreasonably interfere with other uses of the Outer Continental Shelf, such as commercial and recreational fishing, commercial shipping lanes and military training maneuvers.<\/p>\n<p>Data based on the results of the many surveys of the lease area \u2013 geophysical, geotechnical, biological, cultural, socioeconomic \u2013 are also included in the filing for BOEM&#8217;s review, which will take approximately two years to complete. <\/p>\n<p>Offshore wind generation is a major component of Dominion Energy&#8217;s comprehensive clean energy strategy to meet standards mandated in the Virginia Clean Economy Act and to achieve the company&#8217;s net zero carbon dioxide and methane emissions commitment by 2050.<\/p>\n<p>The company earlier this year completed the construction of CVOW&#8217;s first phase \u2013 the two turbine, 12-megawatt pilot project, which is located adjacent to the Commercial Lease Area. The two turbines are operational while the project undergoes BOEM&#8217;s technical review before officially entering service.<\/p>\n<p>The company applied the valuable permitting, design and installation experience from the CVOW pilot project to its proposed commercial project. Pending approval by the State Corporation Commission, the CVOW commercial project is on track to commence construction in 2024, and upon completion in 2026, will provide enough renewable electricity to power up to 660,000 homes.<\/p>\n<p>According to an economic impact study performed by\u00a0Glen Allen-based Mangum Economics and commissioned and published by the Hampton Roads Alliance, it is estimated that the CVOW commercial project could create approximately 900 jobs and <span class=\"xn-money\">$143 million<\/span> in economic impact annually during construction and 1,100 jobs and almost <span class=\"xn-money\">$210 million<\/span> in economic impact annually during operation of the turbines.<\/p>\n<p>Similarly, during construction, the 2.6-gigawatt CVOW commercial project is estimated to generate nearly <span class=\"xn-money\">$5 million<\/span> per year in local and state tax revenue which increases to almost <span class=\"xn-money\">$11<\/span> million\u00a0annually once the project is commissioned and operational.<\/p>\n<p>\n        <b>About Dominion Energy<br \/><\/b>More than <a target=\"_blank\" href=\"https:\/\/www.dominionenergy.com\/our-company\/operating-segments\" rel=\"nofollow noopener noreferrer\">7 million customers in 16 states<\/a>\u00a0energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: <a target=\"_blank\" href=\"https:\/\/investors.dominionenergy.com\/home\/default.aspx\" rel=\"nofollow noopener noreferrer\">D<\/a>), headquartered in\u00a0Richmond, Va.\u00a0The company is <a target=\"_blank\" href=\"https:\/\/www.dominionenergy.com\/our-promise\" rel=\"nofollow noopener noreferrer\">committed to sustainable, reliable, affordable and safe energy<\/a>\u00a0and to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050.\u00a0Please visit <a target=\"_blank\" href=\"https:\/\/www.dominionenergy.com\/\" rel=\"nofollow noopener noreferrer\">DominionEnergy.com<\/a>\u00a0to learn more.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH29403&amp;sd=2020-12-18\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/dominion-energy-files-construction-and-operations-plan-for-coastal-virginia-offshore-wind-project-301196107.html\">http:\/\/www.prnewswire.com\/news-releases\/dominion-energy-files-construction-and-operations-plan-for-coastal-virginia-offshore-wind-project-301196107.html<\/a><\/p>\n<p>SOURCE  Dominion Energy<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH29403&amp;Transmission_Id=202012181104PR_NEWS_USPR_____PH29403&amp;DateId=20201218\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; Filing with Bureau of Ocean Energy Management begins approximately two-year federal review process &#8211; Company on schedule to start construction on 2,640-megawatt Coastal Virginia Offshore Wind (CVOW) in 2024 &#8211; CVOW estimated to create hundreds of millions of dollars of positive economic impact, hundreds of jobs, enough renewable energy to power up to 660,000 homes PR Newswire RICHMOND, Va., Dec. 18, 2020 \/PRNewswire\/ &#8212;\u00a0Dominion Energy announced today the company has filed with the Bureau of Ocean Energy Management (BOEM) the required Construction and Operations Plan (COP) to build the 2,640-megawatt Coastal Virginia Offshore Wind (CVOW) commercial project, the largest planned offshore wind farm in the United States. &#8220;This is an important step in the process toward bringing commercial-scale offshore &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dominion-energy-files-construction-and-operations-plan-for-coastal-virginia-offshore-wind-project\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dominion Energy Files Construction and Operations Plan for Coastal Virginia Offshore Wind Project&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402919","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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