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WindAction | Dominion Energy sells half Virginia offshore wind f arm for $3B to Stonepeak

Dominion Energy has agreed to sell half of its planned Coastal Virginia Offshore Wind project in a move the company reports is designed to reduce its risk profile as the giant wind farm moves into construction. The company will sell a 50 percent noncontrolling interest in a newly formed partnership to Stonepeak, one of the leading U.S. private equity firms that is focused on infrastructure. Under the terms of the agreement, which requires regulatory approval, the companies would be part...
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