“Dominion’s framework may be somewhat more appealing for an investor to potentially become a part owner of the project,” said Mike Doyle, a senior equity analyst for utilities at Edward Jones.
However, Doyle said he was surprised to see Dominion’s estimate for their LCOE drop, “given rising cost pressures that have been pervasive in the broader U.S. offshore wind industry.”
In a Friday note to investors, Doyle said his firm believes that having a partner on the project could reduce risk.
