Posted on February 2, 2026
By Nate Delesline III, The Virginian-Pilot
The cost of Dominion Energy’s Coastal Virginia Offshore Wind project has risen by roughly $300 million.
“Estimated total project costs for CVOW, inclusive of contingency and excluding financing costs, have increased from approximately $11.2 billion to approximately $11.5 billion,” Dominion said in a Friday regulatory filing.
The utility said the increases are due to tariffs and a stop work order issued in December by the federal government. The order affected the Virginia Beach project and four other wind energy developments. Work on the 2.6-gigawatt project was allowed to resume Jan. 16, when a federal judge found delays would likely cause Dominion irreparable harm and granted a preliminary injunction. The court’s decision allows construction to continue while the utility’s lawsuit against the federal government continues.
Dominion initially estimated the project, which began in May 2024, would cost $9.8 billion.
In the same report, Dominion said it expects the wind farm to begin delivering electricity in the coming weeks, with full project completion now expected in early 2027. As of Dec. 31, the company said it has invested $9.3 billion. It estimates about $2.2 billion in remaining costs; the utility expects to fund about $1.2 billion of that amount.
Dominion said last week that crews installed the first offshore wind turbine tower. As of Friday, the project was roughly 71% percent complete.
