Hampton Roads is a natural fit to become a hub for offshore wind development, with best-in-class port infrastructure, a centrally located and capable maritime workforce and a supportive business climate.
New Jobs and Economic Benefits
According to an offshore wind economic impact analysis commissioned by the Hampton Roads Alliance and performed by Magnum Economics, CVOW will have long-lasting impacts on Hampton Roads and Virginia by creating opportunities for Virginia's businesses and local workforce.
Each year during construction, CVOW could support:
900 direct and indirect Virginia jobs annually (about 60 percent in Hampton Roads)
Almost $57 million in pay and benefits
Over $143 million in economic output
Generating almost $2 million in revenues for local governments in the Hampton Roads area
An additional $3 million in Virginia state tax revenues
Each year during ongoing operation, CVOW could support:
1,100 direct and indirect jobs annually in Hampton Roads
Almost $82 million in pay and benefits
Almost $210 million in economic output
Generating almost $6 million in revenues for local governments in the Hampton Roads area
An additional $5 million in Virginia state tax revenues
Economic Development Announcements
The first Jones Act-compliant offshore wind turbine installation vessel from Dominion Energy.
Cable Monitoring Services
In February 2023, Roanoke-based company Luna Innovations announced it will be providing temperature and acoustics monitoring services on CVOW’s export cable system to help protect the project’s operations.
Safety Equipment Hub
In June 2022, Viking Life-Saving Equipment announced a new North American offshore wind safety hub in Norfolk, Virginia to support the safety needs of the U.S. offshore wind industry.
Maritime Operations and Logistics Center
In May 2022, Fairwinds Landing signed an agreement with Norfolk Southern to redevelop the 111-acre property adjacent to the Lamberts Point Coal Terminal, establishing an offshore wind and defense industry center that will create up to 500 jobs.
Operational Base
In March 2022, Seajacks UK Limited announced it will be establishing an operational base in the City of Virginia Beach to support the construction and operation of the first Jones Act-compliant offshore wind turbine installation vessel, Charybdis.
Local Union Jobs
In September 2021, Dominion Energy announced a partnership with the North America's Building Trades Unions (NABTU) to identify opportunities to utilize union labor on CVOW. Since the project will require skilled and qualified workers in Hampton Roads, the agreement also includes commitments to utilize local workers; the hiring, apprenticeship, and training of veterans; and the use of workers from historically economically disadvantaged communities.
Portsmouth Marine Terminal Staging Area
In August 2021, Dominion Energy announced that the Portsmouth Marine Terminal will serve as a staging and pre-assembly area for CVOW. This lease agreement is expected to lead the creation of over 60 jobs for longshoremen, skilled trades, building and construction and more.
Offshore Wind Installation Vessel
In May 2020, Dominion Energy announced development of the first U.S.-built and U.S.-flagged offshore wind installation vessel, the Charybdis. The vessel will be homeported in Hampton Roads and employ up to119 crew members. Charybdis will support the construction of CVOW and other offshore wind projects along the East Coast.