Dominion May End $10B Offshore Wind Project Over Performance Clause
AUG 28, 2022
The giant utility Dominion Energy has found itself in a disagreement with state regulators over a proposed performance guarantee for its $10 billion Coastal Virginia Offshore Wind project, one of the largest planned wind farms in the U.S. development pipeline. The clause is enough of a concern for Dominion that it has threatened to scuttle CVOW altogether and walk away – a seismic shock for the budding U.S. offshore wind industry.
