Tariffs could add $500M to cost of Virginia Beach offshore wind farm, Dominion tells investors

Tariffs could add $500M to cost of Virginia Beach offshore wind farm, Dominion tells investors

The offshore wind staging area at the Portsmouth Marine Terminal. (Photo courtesy Port of Virginia)By Katherine Hafner/WHRO  Dominion Energy expects to pay more to complete the Coastal Virginia Offshore Wind project because of the Trump administration’s new taxes on imported goods including monopile foundations and turbine towers. The $10.8 billion offshore wind farm about 30 miles off the Virginia Beach coast will be the nation’s largest, consi…

Tariffs Could Add $500M to Cost of Virginia Beach Offshore Wind Farm, Dominion Tells Investors

Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project is located 27 miles off the coast of Virginia. (WYDaily file) RICHMOND — Dominion Energy expects to pay more to complete the Coastal Virginia Offshore Wind project because of the Trump administration’s new taxes on imported goods including monopile foundations and turbine towers. The $10.8 billion offshore wind farm about 30 miles off the Virginia Beach coast will be the nation’s la…