Despite the capital cost of Dominion Energy Virginia’s 2,640-MW offshore wind farm rising to $10 billion from $8 billion and the Levelized Cost of energy growing to $87/MWh from $80/MWh, company executives said Nov. 5 that a higher capacity factor will limit the impact on customer bills. “Today we are filing our application with the [Virginia State Corporation Commission] consistent with the project schedule that we communicated previously,” Robert Blue, Dominion Energy’s president and CEO, said during the company’s third-quarter 2021 earnings conference call. The filing will contain anticipated costs, contractor selection, project components, transmission routing, capacity factors, and permitting information, Blue said. When completed in 2026, the Coastal Virginia Offshore Wind Project will be “essential” to meeting the state’s legislated decarbonization requirements that include mandates for developing renewable energy resources, he said. The project […]