In 2018, we were commissioned by Dominion Energy Virginia to deliver a decommissioning cost estimate for the proposed Coastal Virginia Offshore Wind Initiative – a 12 MW offshore wind project on the US east coast.
An accurate decommissioning cost estimate was required by the client to ensure a robust financial model prior to the final investment decision (FID). The project – a pilot project – is part of a wider plan that could lead to the client construction of 2 GW of offshore wind in the US.
K2 Management worked for Dominion Energy back in 2015 when we were appointed to review and update multi-contracting RFPs, assessment of weather downtime contingency for installation, as well as interface and risk development and management on an offshore wind project, to drive down CapEx.
