Dominion Energy ‘on track’ with 2.6 GW offshore Virginia wind farm – execs

(Reuters) – Dominion Energy Inc’s (D.N) offshore Virginia wind farm is “on track and on budget,” and recently entered a critical phase of the environmental review process for the project, executives of the electric utility told investors on Wednesday.

A roughly month-long public comment period on the environmental impact study of the 2.6 gigawatt project, which is crucial to pushing the plan ahead, will conclude this month, Richmond, Virginia-based Dominion Chief Executive Officer Steven Ridge said on the company’s latest quarterly earnings call.

The wind installation designed to start 27 miles (44 km) off the Virginia Beach shores, which could provide carbon-free power to more than 650,000 homes and businesses, is slated for completion by the end of 2026.

Offshore wind is broadly seen as a key power source to replace fossil fuels in the climate-focused energy transition, prompting the Biden administration recently to streamline the regulatory process for the projects.

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