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Dominion invests $1.1B in offshore wind, watches Northeast developments

August 5, 2019


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.

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