‘At a crossroads’| Utility Dominion in threat to scrap largest US offshore wind project

Utility Dominion Energy warned that it is ready to abandon the 2.6GW Coastal Virginia Offshore Wind (CVOW) offshore wind project – currently the largest planned in US waters – if rules tying recovery of its $9.8bn investment to a performance guarantee are not removed by state regulators.

“As now ordered, the performance guarantee is untenable and will prevent the project from moving forward,” the utility’s legal representative, McGuireWoods said.