Coastal Virginia Offshore Wind (CVOW) — 2,640 MW offshore wind, ~27 miles off Virginia Beach (PJM)
LCOE in 2027$, well below the legislative prudency cap of $149/MWh. Per Dominion: $84/MWh updated Oct 2025 (higher than $62/MWh Q2 2025 estimate due to lower REC price forecasts; original 2022 filing was $80-90/MWh). The single largest PJM offshore wind data point and a benchmark for VA hyperscaler-area renewables. COD: 2027-06-30. Contract term: 25 years. Price confidence: high.
Deal Value
2,640MW
Capacity
Offshore Wind
Technology
VA
Location
Deal Details
- Deal Type
- Corporate PPA
- Seller / Sponsor
- Dominion Energy Virginia (utility-owned)
- Buyer / Financier
- Dominion Energy Virginia ratepayers (Rider OSW)
- Offtaker
- Dominion Energy Virginia ratepayers (Rider OSW)
- Stage
- Operating
- ISO/RTO
- PJM
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