Dominion Energy Granted Approval to Resume Offshore Wind Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
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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 project while Dominion Energy's lawsuit challenging the agency's action proceeds, the company announced. "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," Dominion Energy stated.
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Analyst Views on D
Wall Street analysts forecast D stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for D is 64.36 USD with a low forecast of 59.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 60.710
Low
59.00
Averages
64.36
High
70.00
Current: 60.710
Low
59.00
Averages
64.36
High
70.00
About D
Dominion Energy, Inc. provides regulated electricity service to about 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. It is a developer and operator of regulated offshore wind and solar power and the producer of carbon-free electricity in New England. Its Dominion Energy Virginia segment is composed of Virginia Power’s regulated electric transmission, distribution, and generation operations, which serve homes and businesses in Virginia and North Carolina. Its Dominion Energy South Carolina segment consists of DESC’s generation, transmission, and distribution of electricity to customers in the central, southern and southwestern portions of South Carolina and the distribution of natural gas to residential, commercial and industrial customers in South Carolina. Its Contracted Energy segment includes non-regulated electric generation fleet and renewable natural gas operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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