Rising costs for VB offshore wind project

VIRGINIA BEACH, Va. (WAVY) — Our country’s largest offshore wind farm is now more than 81% complete, but once again, costs have risen.

As part of their quarterly report to shareholders, Dominion Energy announced the price tag for the Coastal Virginia Offshore Wind project is now estimated at $11.65 billion.

The latest increase is attributable to tariffs and schedule changes caused by delays with their vessel and the Trump administrations pause late last year…

Story continues

TRENDING NOW

LATEST LOCAL NEWS