FinancingoperatingMarch 24, 2026

Coastal Virginia Offshore Wind (CVOW) — First Commercial Power — 2,600 MW project, Virginia Beach offshore

Coastal Virginia Offshore Wind (CVOW) delivers first commercial power to the grid on March 24, 2026 — the first of 176 Siemens Gamesa SG 14-222 DD turbines (14.7 MW each). Project is approximately 70% complete; full commercial operations expected end of 2026 / early 2027. Largest offshore wind project in the US. Project had been under a federal stop-work order (December 2025); a US District Court preliminary injunction allowed construction to resume.

$1.50B

Deal Value

2,600MW

Capacity

Offshore Wind

Technology

VA

Location

Deal Details

Deal Type
Project Completion
Seller / Sponsor
Dominion Energy
Buyer / Financier
Dominion Energy Virginia (regulated utility)
Offtaker
Dominion Energy Virginia (regulated utility)
Deal Value
1.5B
Stage
operating
ISO/RTO
PJM

Service Providers

Advisory & Legal

0
Siemens Gamesa

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