RICHMOND, Va.--(BUSINESS WIRE)--Dominion Energy released the following statement in response to the U.S. Department of Interior's Director's Order for a 90-day suspension of work issued earlier today for the Coastal Virginia Offshore Wind project: The Coastal Virginia Offshore Wind Project (CVOW) is essential for American national security and meeting Virginia's dramatically growing energy needs, the fastest growth in America. This growth is driven by the need to provide reliable power tomany of America's m ...

Core Viewpoint - The Trump administration's decision to halt fully permitted offshore wind energy projects is considered "very damaging" to investment according to Shell U.S. President Colette Hirstius [1] Group 1 - The halt on offshore wind energy projects could negatively impact investment in the renewable energy sector [1] - Shell U.S. emphasizes the importance of offshore wind energy for future energy strategies [1]

Core Viewpoint - Shares in Orsted surged 9% following a US federal court's decision to allow the company to resume construction of its nearly completed Revolution Wind offshore project [1] Company Summary - Orsted's stock experienced a significant increase of 9% on Tuesday, indicating positive market sentiment towards the company's future prospects [1] - The US federal court's ruling is a crucial development for Orsted, as it enables the continuation of the Revolution Wind offshore project, which is nearing completion [1] Industry Summary - The decision by the US federal court reflects a supportive regulatory environment for offshore wind projects, which may encourage further investments in renewable energy [1] - The resurgence of construction activities in offshore wind projects aligns with the broader trend of increasing focus on sustainable energy solutions within the energy sector [1]