June 12, 2026 — Dominion Energy will purchase 32 acres in a Virginia Beach business park for an onshore substation and grid connection point to serve a wind farm project planned off the coast of North Carolina.
The land sale in Corporate Landing Business Park was approved at a Development Authority meeting on Tuesday. The authority owns the property and had originally approved Dominion’s purchase option in 2019, but the agreement expired last year. The purchase price will be based on a forthcoming appraisal, but the agreement guarantees it will exceed $6 million, or at least $200,000 per acre.