U.S. District Court grants preliminary injunction allowing Coastal Virginia Offshore Wind project to resume work
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preliminary injunctionregulatory
A preliminary injunction is a court order that temporarily stops a party from taking certain actions while a legal case is ongoing. It’s like a warning sign that prevents someone from moving forward with plans that could cause harm or unfair advantage until the court makes a final decision. For investors, it signals that there may be unresolved legal issues affecting the parties involved, which can impact a company's operations or value.
offshore windtechnical
Offshore wind is wind turbines and related facilities installed in the sea or large lakes to generate electricity from stronger, steadier winds offshore. For investors, it matters because these projects are large, long-lived infrastructure investments that can provide steady revenue under long-term power contracts or government support, but also carry big up-front costs, construction and maintenance risks, and dependence on policy and grid connections — like building a factory on the water that sells power instead of goods.
gigawattstechnical
A gigawatt is a unit of power equal to one billion watts, used to measure how much electricity a plant or project can produce at any moment. For investors, it’s a quick way to compare scale — like comparing the horsepower of engines — and shows how large a power asset or renewable portfolio is, which affects potential revenue, grid influence, and the size of required investment.
RICHMOND, Va.--(BUSINESS WIRE)--
Today the U.S. District Court for the Eastern District of Virginia granted Dominion Energy’s request for a preliminary injunction allowing construction to resume on the Coastal Virginia Offshore Wind (CVOW) project while Dominion Energy’s lawsuit challenging the agency’s action proceeds. Our team will now focus on safely restarting work to ensure CVOW begins delivery of critical energy in just weeks. While our legal challenge proceeds, we will continue seeking a durable resolution of this matter through cooperation with the federal government.
CVOW will consist of 176 offshore wind energy turbines generating a total of 2.6-gigawatts — enough energy to power up to 660,000 homes. CVOW is a critical part of Dominion Energy’s all-of-the-above diverse energy supply strategy to meet our region’s growing demand.
