August 4, 2026 — Dominion Energy’s Coastal Virginia Offshore Wind project is 81% complete and anticipated for completion at the end of 2027 – six months beyond the company’s earlier time frame and at least $228 million over cost estimate, thanks to tariffs and network upgrade costs assigned by PJM Interconnection grid operations.
Blue cited weather, moving equipment onsite and longer installation times for the planned 176 Siemens Gamesa 14 MW turbines among factors in the revised schedule.
April 28, 2025 — On Inauguration Day, President Donald Trump issued an executive order indefinitely halting permits for new onshore wind energy projects on federal land, as well as new leases for offshore wind farms in U.S. coastal waters. The action not only fulfilled Trump’s “no new windmills” campaign pledge, but struck yet another blow to the wind industry, which has been hit hard over the past few years by supply chain snags, price increases upending project economics, public opposition and political backlash against federal tax credits, especially those spurring the fledgling offshore wind sector.
Nonetheless, the nation’s well-established onshore wind industry, built out over several decades, is generating nearly 11% of America’s electricity, making it the largest source of renewable energy and at times last year exceeding coal-fired generation. On April 8, the fossil-fuels-friendly Trump administration took measures to bolster coal mining and power plants, but as the infrastructure driving wind energy ages, efforts to “repower” it are creating new business opportunities for the industry’s key players.
This repowering activity has emerged as a bright spot for the wind industry, giving a much-needed boost to market leaders GE Vernova, Vestas and Siemens Gamesa, a subsidiary of Munich-based Siemens Energy. Following several challenging years of lackluster performance — due in particular to setbacks in both onshore and offshore projects — all three companies reported revenue increases in 2024, and both GE Vernova and Siemens stock have moved higher.
October 26, 2021 — Gov. Ralph Northam (D) and executives from Dominion Energy and Siemens Gamesa Renewable Energy on Monday announced a $200 million project to finish building turbine blades that would harness offshore wind on 80 acres of the Portsmouth Marine Terminal.
The facility, combined with its operations and maintenance activities, will create 310 new jobs, including 50 service positions to support Dominion’s Coastal Virginia Offshore Wind Project 27 miles off the coast. Dominion says the wind farm will generate enough electricity to power up to 660,000 homes at peak and avoid as much as 5 million tons of carbon dioxide being dumped into the atmosphere annually.
Read the full story at the Washington Post