DEME has kicked off the work on Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind project in the USA.
As reported, Dominion Energy selected a consortium of DEME and Prysmian as the Balance of Plant (BoP) contractors in charge of the transportation and installation of the foundations and the substations, and the engineering, procurement, construction, and installation (EPCI) services for the inter-array and export cables for what will be the largest commercial offshore wind farm in the United States.
DEME Offshore’s CVOW BoP contract includes the transport and installation of 176 monopile transition piece foundations, three offshore substations, scour protection, and the supply and installation of export and inter-array submarine cable systems. The company will oversee the complete offshore installation works for the foundations, substations, infield cables, as well as part of the export cables.
The total value of the contract is approximately EUR 1.6 billion, of which around EUR 630 million is related to Prysmian for the cable supply and the installation works under its responsibility. The project is expected to be completed by 2026.
Located approximately 43 kilometres off the coast of Virginia Beach, Virginia, CVOW will feature 176 Siemens Gamesa 15 MW turbines scheduled to be installed by late 2026.
DEME announced the start of the work on the project in its trading update for the third quarter of Fiscal Year 2022.
There, the company also said that it plans to start work on the 804 MW Vineyard Wind 1, Americas’ first large-scale offshore wind project, in the first quarter of 2023.
There, DEME is in charge of transporting and installing the wind farm’s wind turbine foundations, as well as the GE Haliade-X wind turbines, as well as the offshore electrical substation foundation and topside.
Following the release of the Q3 trading update, DEME said the company remains on track to achieve its outlook for the full year, which calls for a slightly higher turnover than in 2021, EBITDA similar to 2021, and net results slightly lower than a year ago. CAPEX for the year is still targeted at around EUR 500 million, the company said.
The Offshore Energy segment top line grew 27 per cent year-to-date compared to the same period a year before, fueled by solid project execution. The turnover stood at EUR 754.7 million in the first three quarters of 2022, compared to a turnover of EUR 596.5 million reported for the same period in 2021.