Monday, September 27, 2021

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Contract To Charter Offshore Wind Turbine Installation Vessel Reached

Dominion Energy, Ørsted, and Eversource recently announced an agreement for Ørsted and Eversource to charter Dominion Energy’s Charybdis, the first Jones Act-qualified offshore wind turbine installation vessel in the United States, for the construction of two offshore wind farms in the Northeast.

The charter’s terms will allow the vessel, subject to state regulatory approval, to support construction of Dominion Energy’s 2.6 gigawatt Coastal Virginia Offshore Wind (CVOW) project off the coast of Virginia Beach, which is expected to be completed in 2026.

Dominion Energy is leading a consortium of renowned naval engineering and fabrication firms to build Charybdis, which will support thousands of American jobs, assist in the development of a new domestic supply chain for growing the North American offshore wind industry, and be fully utilized in support of the installation of offshore wind generation off the East Coast.

The approximately $500 million vessel will operate as part of Dominion Energy’s Contracted Assets segment. Dominion Energy’s regulated customers, including Virginia, will not experience any bill impact associated with the use of the vessel in support of the Revolution Wind and Sunrise Wind projects.

Once completed, the vessel will be homeported in Hampton Roads, one of the nation’s premier offshore wind installation harbors, and utilize an American crew.

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