November 1, 2023 — The Biden administration announced its approval Tuesday of the Coastal Virginia Offshore Wind project, the largest to date in U.S. waters with a planned maximum rating of 2,600 megawatts.
Eight steel monopile foundations arrived in Portsmouth, Va., Oct. 19, the first components for the planned 176 turbines in an $9.8 billion array starting 23.5 miles east of Virginia Beach, Va. It’s the fifth utility-scale wind project approved through the Bureau of Ocean Energy Management, following the Vineyard Wind 1, South Fork Wind and Revolution Wind projects off southern New England, and Ocean Wind 1 off New Jersey. Together the projects will collectively generate more than 5 gigawatts of maximum potential.
But the CVOW approval also arrives amid broader turmoil in the renewable energy industry, beset by rapidly escalating costs and financial losses for developers and turbine manufacturers. Most recently four developers that sought bigger subsidies for projects off New York were rejected by New York State energy regulators, leaving the future of their plans in doubt.
Biden administration officials and CVOW developer Dominion Energy portrayed the approval Tuesday as a milestone. The project “is expected to provide about 900 jobs each year during the construction phase and support an estimated 1,100 annual jobs during the operations phase, generating vital economic development for Virginia’s Hampton Roads area and supporting investments in the Virginia coastal region as a hub for offshore wind development and support,” according to a prepared statement from BOEM.