Two European giants carve up 12 billion contracts for US wind power projects!

　　US developer Dominion Energy is submitting a plan to the Virginia State Corporation Commission for approval to build a 2.6GW Virginia Coastal Offshore Wind Power (CVOW) project. The application document is crucial to the project's progress as planned.

　　The CVOW project site is located 43.5 kilometers east of the coast of Virginia. The sea area is 456.5 square kilometers. The total investment is about 9.8 billion U.S. dollars. It is expected to install 176 Siemens Gamesa 15MW wind turbines. It is by far the largest offshore wind power project in the United States.

　　In addition to the construction plan of the offshore wind farm itself, the content of the application document also includes supporting plans such as power transmission lines and other onshore power transmission facilities about 27 kilometers away, as well as the transmission of offshore energy to homes and businesses in Virginia.

　　Just last week, Dominion has signed a power plant supporting facility (BoP) contract for the CVOW project with a consortium composed of DEME and Prysmian. The former is responsible for the transportation and installation of 3 sea booster stations and 176 wind turbine foundations. The contract amount is 970 million euros; the latter provides EPCI services for a 66kV field array cable with a total length of 320 kilometers and three 220kV AC three-core external transmission cables with a total length of 186 kilometers. The contract value is 630 million euros.

　　Developer Dominion said that despite the high investment, users' electricity costs will not be very high, because the state government may provide a total of $1 billion in tax deductions for the previous ten years through the production tax credit (PTC) policy.

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