Dominion Energy Reaches Milestone In Construction Of Charybdis, The First Jones Act-Compliant Offshore Wind Turbine Installation Vessel
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Dominion Energy announced the successful launch of Charybdis, the first Jones Act-compliant offshore wind turbine installation vessel, from the Seatrium AmFELS shipyard in Brownsville, Texas. This marks a significant milestone for the Coastal Virginia Offshore Wind (CVOW) project, which also received its final federal permit, allowing offshore construction to begin in May. The vessel, constructed with over 14,000 tons of domestic steel, is designed for turbines of 12 megawatts or larger and represents a major step in the U.S. energy transition and offshore wind industry development.
April 15, 2024 | 2:02 pm
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Dominion Energy's successful launch of Charybdis, the first Jones Act-compliant offshore wind turbine installation vessel, and the receipt of the final federal permit for the CVOW project, signal strong progress in its offshore wind initiatives.
The successful launch of Charybdis and the completion of regulatory milestones for the CVOW project underscore Dominion Energy's commitment to renewable energy and its strategic position in the offshore wind sector. This progress is likely to be viewed positively by investors, potentially leading to a short-term positive impact on Dominion Energy's stock price due to enhanced investor confidence in the company's renewable energy projects and future growth prospects in the offshore wind industry.
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