Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project began delivering electricity on Monday, March 23 2026, when a single 14.7‑MW turbine started generating power. The milestone marks the first operational output from the company’s 2.6‑GW offshore wind installation, the largest of its kind in the United States.
The project’s initial turbine is now feeding power into the grid while Dominion completes additional transmission upgrades on the PJM Interconnection. These upgrades are essential to ensure full deliverability of the remaining capacity, and Dominion is working closely with PJM to secure the necessary interconnection approvals and capacity allocations.
Strategically, the CVOW milestone aligns with Dominion’s focus on renewable energy and the growing electricity demand from Virginia’s data‑center corridor. The company has positioned the project as a key component of its “all‑of‑the‑above” energy strategy, aiming to capture revenue from high‑growth AI and ship‑building customers that rely on reliable, low‑carbon power.
Financially, the project has seen its estimated cost rise to $11.5 billion, a result of the stop‑work order issued during the Trump administration and increased tariffs on imported materials. Dominion expects full project completion in early 2027, after which the wind farm will contribute to the company’s revenue and regulatory recovery streams, helping to offset the higher capital outlay.
Management has highlighted both the progress and the remaining challenges. CEO Bob Blue noted that the first turbine’s output “right on schedule” and emphasized the project’s importance for customers driving the AI race and naval shipbuilding. Spokesperson Jeremy Slayton added that power delivery will continue to ramp up as additional turbines come online, while Dominion remains focused on completing the necessary transmission upgrades to achieve full deliverability.
The CVOW milestone arrives after Dominion’s Q4 2025 earnings, where the company beat revenue expectations but missed EPS guidance by a narrow margin. The wind project’s operational start is viewed as a long‑term value driver that should help smooth future earnings volatility and support the company’s broader renewable energy expansion plans.
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