Project Traits
State: Virginia
Congressional District: VA02
Organization Type: Utility
Partner Organization(s) Type: None or Unknown
Energy Sector: Clean Power
Energy Subsector: Wind
Project Start Year: Unknown
Project Launch Year: 2026
Government Support Received: Federal Tax Credit [Production Tax Credit (PTC)] for Unknown Amount
Outcomes & Impacts
Private Investment: Unknown
Jobs Announced or Created: 1,100
People Served: 660000
Projected Economic Impact: 11000000
Our dedication to a clean environment continues to show in renewable energy initiatives such as our Coastal Virginia Offshore Wind (CVOW) project. It will be only the second offshore wind project in the nation and the first owned by an electric utility company. When fully operational in 2026, CVOW will produce 2,600 megawatts of electricity, enough to power as many as 660,00 Virginia homes.
During construction, CVOW has created 900 direct and indirect jobs each year, the majority of which are located in Hampton Roads. Once complete, it will support approximately 1,100 direct and indirect jobs annually.
Once Operational, this project will produce an estimated $6 million in revenues for local governments in the Hampton Roads area, as well as $5 million in tax revenues for the Commonwealth.