Shares of Dominion Energy, Inc. (NYSE:D) tumbled 4.4% following the announcement that its Coastal Virginia Offshore Wind (CVOW) project will now cost more than initially expected. The company's recent update indicated a roughly 9% increase in the total project cost,

Dominion Energy announced Monday that the cost of the Coastal Virginia Offshore Wind project has risen by approximately 9%.

Dominion Energy has announced that its 2.6GW Coastal Virginia Offshore Wind (CVOW) project is 50% complete and on track for completion by the end of 2026. The project will boost the local economy, creating 2,