CVOW 2, OSS 2 ‚Äì T2G07 (PJM-AF1-124) — Project Summary

Queue ID
PJM-AF1-124
Capacity
836 MW
Technology
Offshore Wind
Status
active
Location
City Of Chesapeake, VA
Region
PJM
Developer
Virginia Electric and Power Company (d/b/a Dominion Energy Virginia)
IA Status
IA Pending

CVOW 2, OSS 2 – T2G07

PJM-AF1-124BetaActiveOffshore WindPJMLBNL

836 MW generation in City Of Chesapeake, VA · In queue since September 2019 · Proposed COD December 2032

BA: PJMISO/RTO: PJMNERC: SERCRC: PJM

836 MW

Capacity

1

Components

Offshore Wind

6y 10m

In Queue

IA Pending

IA Phase

COD target: 2032

Asset Intelligence Map

One connected view of the asset's ownership, operating or development evidence, grid context, commercial relationships, history, and forward outlook.

5 live dimensions
4 decision models

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Structured from the current asset record; empty data branches are omitted.Locked nodes are InfraSure decision models; no simulated values shown.
Interconnection

Total Duration

13y 3m

Study Phase

TC1

In Study38%
Queue EntrySep 17, 2019

Interconnection request submitted to ISO/RTO

System Impact StudyCurrent

PJM processes interconnection requests through multi-phase System Impact Studies (SIS).

Typical: ~48 months (historically longest)

Interconnection Agreement

Interconnection agreement not yet executed

Typical: 30–60 days (negotiation)

Commercial Operation

Proposed COD: 2032-12-31

Cross-source intelligence
Beta
High confidence·2 sources·as of 2026-06-01
Expected COD
2026-12-31
Queue date 3+ years staleQueue: 2032-12-31
Developer
Dominion Energy Virginia
Confirmed
Status
Construction
Construction — offshore installation ongoing for 2026 COD target, turbine foundation work in progress
Financing
Secured
Project financing secured through Dominion's regulated utility rate base structure; estimated $9.8B total project cost approved by Virginia SCC
Key milestones
IA executedSep 2019

PJM queue entry AF1-124 filed for 836 MW offshore wind interconnection

source
Permit approved2024

Federal and state permits approved for CVOW Commercial Project construction

source
Groundbreaking2024

Offshore construction commenced with foundation installation

source
COD targetDec 31, 2026Most recent

Target commercial operation for full 2.6 GW CVOW Commercial Project

source
About

PJM-AF1-124 is a proposed 836 MW offshore wind generation project located in the City Of Chesapeake, Virginia. The project, developed by Dominion, entered the PJM interconnection queue on September 17, 2019, with a proposed commercial operation date of December 31, 2026. Its interconnection status is currently in the System Impact Study phase.

The project consists of 836 MW of offshore wind capacity. The point of interconnection is at the Oceana 230 kV substation. The project has appeared in recent news coverage.

Generated from interconnection queue and public data sources

Development Risk

Realization risk before commercial operation — cluster-study clearance, IA timing, counterparty mix, and withdrawal probability vs cohort. The diligence view that determines whether this project is worth pursuing. Powered by InfraSure's development-stage modeling stack.

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P(COD by stated date)
Withdrawal probability vs cohort
IA cluster risk
Project Details

State

VA

County

City Of Chesapeake

Grid Region

PJM Interconnection

Market

ISO/RTO Member

Developer

Virginia Electric and Power Company (d/b/a Dominion Energy Virginia)

Utility

Dominion

Entity

PJM

Service Type

NRIS

Point of Interconnection

Harper 230 kV

Data Source

LBNL

Risk Analytics

Composite operating-phase risk view — what this asset's risk profile would look like once it reaches commercial operation. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.

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Climate hazards (8+)
Generation variability (P10/P50/P90)
Offtake + transmission counterparty
Generation Forecast

Forward generation outlook — what this project would produce assuming it reaches commercial operation. Probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios, conditioned on the proposed COD. Powered by InfraSure's generation modeling stack.

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P50 conditioned on COD
Capacity factor vs cohort
Weather + policy scenarios
Financial Forecast

Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. The bankability view that determines whether the deal clears its covenants once online. Powered by InfraSure's asset cashflow stack.

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See the full revenue + DSCR projection for this project.

Revenue conditioned on COD
Financing close risk
Cohort DSCR comparison
Market Context
Approximate
ISO / RTO
PJM
Trading Hub
DOMINION HUB
Hub Confidence
HIGH
POI Substation
Oceana Substation

This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.

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Forward forecasts, scenario decomposition, and risk-decision tooling for this queue project.