January 22, 2025 — President Donald Trump started his second term Monday with a flurry of executive orders, including one that temporarily ceases all federal wind leases under consideration and calls for an “immediate review” of the policies before resuming.
So, what does that mean for Virginia and Dominion Power, which is midway through constructing its $9.8 billion Coastal Virginia Offshore Wind farm off the coast of Virginia Beach and has purchased two other wind farm leases in the Atlantic Ocean?
The Richmond-based Fortune 500 utility said in a statement Tuesday that it is “confident CVOW will be completed on time, and that Virginia’s clean energy transition will continue with bipartisan support for many years to come.”