Dominion Resources, the developer of an offshore wind project proposed to be installed off the coast of Virginia, USA, met with industry experts, academics, and others involved in the offshore wind sector to find a way to bring down the cost of its project, Richmond Times-Dispatch news site reported.
In April, the company announced that it had put the development of Virginia Offshore Wind Technology Advancement Project (VOWTAP) on hold because the project’s cost is much higher than expected. Dominion had calculated that the project would cost around USD 400 million, much more that the initially estimated USD 230 million and the company decided to work together with experts, both local and foreign, to make the project financially viable.
According to the news site, Dominion is now considering, among other things, using less advanced offshore wind turbine foundations.
The company initially proposed installing two Alstom 6-megawatt turbines mounted on innovative foundations.
Offshore WIND Staff; Image: DoI