Dominion Offshore Wind Project Cost Rises to $11.5B After Stop Work Order, Tariffs

Dominion offshore wind project cost rises to $11.5B after stop work order, tariffs

The cost of Dominion Energy’s Coastal Virginia Offshore Wind project has risen to $11.5 billion. “Estimated total project costs for CVOW, inclusive of contingency and excluding financing costs, have increased from approximately $11.2 billion to approximately $11.5 billion,” Dominion said in a Friday regulatory filing. The utility said the increases are due to tariffs and a stop work order issued in December by the federal government. The order a…

Federal Work Halt and Tariffs Push Dominion’s Offshore Wind Project to $11.5B

Dominion Energy said Thursday that costs for the nation’s largest offshore wind project have climbed to $11.5 billion, a $300 million increase driven by a brief federal work suspension and mounting tariff expenses,...

Coastal Virginia Offshore Project Costs Increases to $11.5b

Dominion Energy said on Friday the total project costs for the Coastal Virginia Offshore Wind have increased to roughly $11.5 billion from $11.2 billion.The changes in estimated costs reflect the impact of temporary suspension of work issued by the U.S.