Ørsted's Virgina project gets green light and black eye
Absolutely unnecessary, 26 times more expensive than the alternative, and rate payers take the whole risk, says Virginia's utility regulator about the offshore wind farm. Nonetheless, it was approved.
Ørsted and Dominion Energy's pilot project, Coastal Virgina (CVOW), has moved one step closer to becoming realized. Virginia's State Corporation Commission (SCC) has approved a so-called prudency petition submitted by the US company concerning a pilot project. This document requested an assessment of the viability of the two-turbine, 12 MW project set to cost USD 300 million and expected to be commissioned at the end of 2020.
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