Trump halts wind projects, including Coastal Virginia Offshore Wind, Dominion stock drops 4%

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Dominion Energy's upwind turbines located 27 miles disconnected of Virginia Beach successful the Atlantic Ocean connected July 17, 2023.

Kendall Warner | Virginian Pilot | Getty Images

The Trump medication connected Monday halted Coastal Virginia Offshore Wind, the largest task of its benignant successful the U.S., arsenic good 4 different upwind farms connected the U.S. East Coast.

Shares of Dominion Energy, the inferior processing the project, dropped much than 4% connected the news.

The medication besides paused leases for 4 different large-scale offshore upwind projects. They are Vineyard Wind 1, Revolution Wind, Sunrise Wind and Empire Wind 1.

Interior Secretary Doug Burgum said the medication paused leases for the projects owed to nationalist information concerns identified by the Pentagon.

The intermission volition springiness the national authorities clip to "work with leaseholders and authorities partners to measure the anticipation of mitigating the nationalist information risks posed by these projects," the Interior Department said successful a statement.

Interior said the U.S. authorities recovered that turbine blades and "highly reflective towers" make radar interference risk.

This is simply a processing story. Please cheque backmost for updates.

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