Dominion Energy’s wind turbines located 27 miles off of Virginia Beach in the Atlantic Ocean on July 17, 2023.
Kendall Warner | Virginian Pilot | Getty Images
The Trump administration on Monday halted Coastal Virginia Offshore Wind, the largest project of its kind in the U.S., as well four other wind farms on the U.S. East Coast.
Shares of Dominion Energy, the utility developing the project, dropped more than 4% on the news.
The administration also paused leases for four other large-scale offshore wind projects. They are Vineyard Wind 1, Revolution Wind, Sunrise Wind and Empire Wind 1.
Interior Secretary Doug Burgum said the administration paused leases for the projects due to national security concerns identified by the Pentagon.
This is a developing story. Please check back for updates.
