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D Dominion Energy Inc

51.47
0.07 (0.14%)
Last Updated: 20:40:12
Delayed by 15 minutes
Share Name Share Symbol Market Type
Dominion Energy Inc NYSE:D NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.07 0.14% 51.47 51.65 51.04 51.41 1,900,984 20:40:12

Dominion Energy Plans Offshore Wind Development Off Virginia Coast

19/09/2019 3:31pm

Dow Jones News


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By Chris Wack

 

Dominion Energy (D) said Thursday it is proposing the largest offshore wind development in the U.S. off the coast of Virginia.

The energy company said it filed an application with PJM, the regional transmission organization that coordinates the electrical grid in all or parts of 13 states and the District of Columbia, to interconnect the proposed turbines to the transmission grid.

Dominion said the offshore wind development will give its customers "what they have asked for -- more renewable energy." The project could provide up to 2,600-megawatts of commercial offshore wind development, the company said.

Dominion said it is trying to reduce carbon emissions 55% by 2030. The company said it also has planned investments in battery storage, pumped hydroelectric storage and other resources.

The project would be located in the 112,800 acres Dominion currently leases from the Bureau of Ocean Energy Management 27 miles off the Virginia Beach coast. Following the filing with PJM, ocean survey work is expected to begin in 2020, with a construction and operations plan submitted in 2022.

Dominion said the project will move forward in three phases, each totaling 880 megawatts. The first phase will support initial generation of wind energy by 2024. Additional phases will come online in 2025 and 2026, totaling more than 2,600 megawatts of energy, enough to power 650,000 homes during peak wind.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

September 19, 2019 10:16 ET (14:16 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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