Energy and Water Define Sustainable Growth for Virginia Beach

On Feb. 24, 2021, the Hampton Roads Association for Commercial Real Estate (HRACRE) hosted a virtual event on Virginia’s burgeoning offshore wind future, spearheaded by Dominion Power’s $300 million pilot project consisting of two turbines 27 miles off the coast of Virginia Beach. Reliability testing last year confirmed the turbines’ 12-megawatts of power, which will ostensibly provide energy for an estimated 3,000 homes. Virginia Business reported it will include up to 190 turbines capable of powering 650,000 homes over the next five years. By 2040, more than 200,000 individuals are expected to move to the Hampton Roads region, which the Urban Land Institute called the fastest growing destinations for Millennials.

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