Dominion has expressed the possibility of developing more than 2,000 MW of offshore wind off the Virginia coast.
“I would pencil out maybe a $3,000 per kilowatt-hour installed,” Koonce said. “And if you do that, you come up with a sizable investment but that would be out over the entire decade.”
Koonce reiterated that Dominion is watching the Northeast offshore wind market closely, in search of a capital cost improvement anywhere from 15% to 20% in the life cycle cost equivalent of offshore wind turbine.
