Tariffs could add $500M to offshore wind project cost, says Dominion CEO

Trump’s tariffs added $4M to this Virginia wind project in just a few weeks

Off the coast of Virginia, Dominion Energy is building what will be the largest offshore wind facility in the U.S., a 2.6-gigawatt project that will provide energy to as many as 660,000 homes. It has been under construction since 2023 and is expected to be completed by 2026—but President Donald Trump’s tariffs are adding to the project’s costs.  Already, through the first quarter of 2025, Dominion’s Coastal Virginia Offshore Wind project has inc…

Tariffs could add $500M to offshore wind project cost, says Dominion CEO

Dominion Energy estimates that by the end of Q2, the cost of its 2.6 GW Coastal Virginia Offshore Wind project will increase by at least $120 million due to new tariffs.

Dominion Energy has increased the cost estimate of its offshore wind project Coastal Virginia (CVOW) by $120 million due to tariff impacts, as reported by the company in its latest update on construction. Related: Tariffs weaken the pillars of US economic leadership and put their economic system at risk Executive Director Bob Blue has declared that real tariff costs so far amount to $4 million, but if the current policy is maintained until the e…

Tariffs could add to NH’s housing woes

Add another concern — tariffs — to the factors inhibiting the creation of more residential housing in New Hampshire.

Dominion Says Tariffs May Add $500 Million to Wind Project Cost

President Donald Trump’s tariffs threaten to increase the cost of a big offshore wind farm that Dominion Energy Inc. is building by as much as $500 million, the company said Thursday.

Largest US offshore wind farm reveals Trump tariffs hit

Dominion says Coastal Virginia Offshore Wind set for $120m-plus impact by mid-year but doesn't expect to suffer fate of Empire Wind