Virginia Offshore Wind Project Hit by Massive Cost Overruns

[rangerrebew]

Virginia Offshore Wind Project Hit by Massive Cost Overruns
Bonner R Cohen
December 28, 2021
 

The nation’s largest proposed offshore wind-power facility is already encountering rough seas, with its developer acknowledging it will cost at least $2 billion more than originally estimated.

Richmond-based Dominion Energy announced in November its original estimate of $8 billion would not cover the cost of the project, which the company now puts in the neighborhood of $10 billion.

The announcement comes as the project is still in its infancy, raising the question of whether additional cost overruns are in the offing in the years ahead.

Big Support, Large Project

https://heartlanddailynews.com/2021/12/virginia-offshore-wind-project-hit-by-massive-cost-overruns/

[rangerrebew]

No problem.  End users will pay a big portion of the over runs and the tax payers in the rest of the state will happily help them out.

[LegalAmerican]

 WIND?  lol. only when it blows.  These things are dangerous and explode, shoot blades...fires.   

[Joe Wooten]

It would be cheaper for the state to have subsidized Dominion to add another unit to the North Anna nuke plant.