Who is correct about the hugely ambitious plans for utility-scale offshore wind projects?
From the article…”On Friday, the Virginia Attorney General's Office filed testimony on behalf of its Division of Consumer Counsel saying that the 180-turbine offshore wind project planned by Dominion will be two to three times more expensive than solar energy and is not needed for the utility's capacity. Virginia has a clean energy mandate in place encouraging renewable energy development, but the recent testimony said the $9.8 billion project posed "significant risks" to customers and that its economic benefits were overstated.
In response, Dominion spokesperson Jeremy Slayton told the Richmond Times-Dispatch that "offshore wind is good for energy security and the Virginia economy and environment."
Sounds like a great pro/con debate for an upcoming industry meeting! My first question (among many)….does this 30GW qualify for investment and production tax credits and, if not, do the projects get built?
Mike Beehler
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