Dominion Energy sets CVOW budget at $11.4B and storage target at 20 GW by 2045

Summary

Dominion Energy announces a budget increase for its Coastal Virginia Offshore Wind (CVOW) project to $11.4 billion. The company also raises its energy storage target to 20 GW by 2045, reaffirming a long-term EPS growth forecast of 5%-7%.

Recent Coverage

• Dominion Energy reaffirms 5%-7% long-term EPS growth as CVOW budget moves to $11.4B and Virginia storage target rises to 20 GW by 2045

  Seeking Alpha - Utilities • May 1