Dominion Energy(US:D) Xin Lang Cai Jing·2025-12-22 20:47Core Viewpoint - The Trump administration has halted all U.S. offshore wind projects, citing national security risks identified in a confidential report by the Department of Defense, marking a significant action against a growing industry [1][4]. Group 1: Impact on Projects - The suspension affects five federal leases for projects from Massachusetts to Virginia, including Vineyard Wind 1, Revolution Wind, Coastal Virginia Offshore Wind, Sunrise Wind, and Empire Wind 1 [1][5]. - The projects are expected to provide nearly 6 gigawatts of power, sufficient to supply Manhattan [5][6]. Group 2: Market Reaction - Shares of Orsted, leading two of the affected projects, fell by over 11%, while Dominion Energy, the chief developer of the Coastal Virginia project, saw a decline of over 5%, making it the worst performer in the S&P 500 [5][6]. Group 3: Industry Response - Oceantic Network's CEO criticized the halt as a veiled attempt to undermine the offshore wind industry, claiming it increases energy costs for millions and threatens thousands of jobs [6]. - The Center for American Progress estimated that approximately 12,000 direct jobs and 5,000 indirect jobs are at risk due to the administration's actions against offshore wind [6]. Group 4: Historical Context - Since Trump's return to the White House, his administration's conflict with the offshore wind industry has intensified, including a series of executive orders that have created uncertainty for the sector [6]. - Previous project suspensions, such as the Empire Wind project, were later reversed after negotiations, indicating a fluctuating regulatory environment [6].