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U.S. Cuts Funding for Offshore Wind Projects in Oregon, Virginia

  • Energy Department funding three other proposed wind projects
  • Dominion reviewing options for 12-megawatt wind project

The U.S. Energy Department cut funding for two projects designed to test the viability of offshore wind energy, in Virginia and Oregon.

Dominion Resources Inc. is “assessing options” after the government said its proposal to install two 6-megawatt turbines 24 miles (39 kilometers) off Virginia Beach was no longer eligible for as much as $40 million, according to a statement Friday. Principle Power Inc. of Seattle, which is planning to install up to five 6-megawatt floating turbines off Coos Bay, Oregon, didn’t respond to requests for comment.