Virginia Offshore Wind Project Gets Go-Ahead, with Ratepayer Protections

Posted by Harry Godfrey on Aug 16, 2022 9:00:00 AM

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On Friday, August 5, Virginia’s State Corporation Commission (SCC) provided its stamp of approval for construction of the Costal Virginia Offshore Wind (CVOW) project – a 2.6 GW wind farm located 27 miles off Virginia Beach. For Virginia, the project is cause for excitement, for its jobs and cost savings benefits, as well as its key role in the Commonwealth’s clean energy future. But as it will also be the first offshore wind farm built and owned by a regulated utility, and carrying a big price tag, it calls for particular scrutiny. And in SCC’s review and final order, that’s what it got.

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Topics: State Policy, Regulatory, Virginia, Offshore Wind