June 26, 2026 — As Dominion Energy’s massive Coastal Virginia Offshore Wind project off Virginia Beach nears completion, the utility is already laying the groundwork for another offshore venture — a proposed North Carolina wind farm that would rely on 32 acres of Virginia Beach land.
On June 9, the Virginia Beach Development Authority approved a five-year option agreement that would allow Dominion to purchase 32 acres of land the authority owns at Corporate Landing Business Park. The site is critical to the development of CVOW South, Dominion’s proposed offshore wind project in North Carolina, as it would enable a grid interconnection facility and an onshore substation.
The exact purchase price for the land at Corporate Landing hinges on a future appraisal. However, the agreement states that Dominion will pay Virginia Beach at least $200,000 per acre, about $6.4 million. This price is in addition to the $120,000 annual fee Dominion pays for each year of the option.