In its 2024 Integrated Resource Plan (IRP) filed with the Virginia State Corporation Commission (SCC) and the North Carolina Utilities Commission (NCUC), Dominion Energy Virginia laid out multiple portfolio options to meet rising power demand through investments in new power generation, including offshore wind.
The IRP is based on a forecast developed by PJM, which projects that power demand within the company’s delivery zone is forecasted to grow 5.5 per cent annually for the next decade and to double by 2039.
The plan is not a request to build any specific project but instead a long-term planning document based on current technology, market information, and load projections.
The company states that 80 per cent of its planned incremental power generation over the next 15 years will be carbon-free.
This includes 3,400 MW of new offshore wind capacity, in addition to the 2,600 MW Coastal Virginia Offshore Wind (CVOW) project currently under development.
CVOW will feature 176 Siemens Gamesa 14 MW wind turbines and will become the biggest US offshore wind farm once in operation.
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