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Dominion Energy’s Virginia Beach wind farm cost estimate has increased about 9%, from $9.8 billion to $10.7 billion, the power company said Monday.
As with any major change, offshore wind development has been met with resistance and skepticism, but these are misplaced.
The estimated cost of Dominion Energy’s 2.6-gigawatt Virginia Beach offshore wind farm has increased about 9%, which will mean a 43-cent increase on an average monthly residential power bill.