Dominion Energy sells 50% noncontrolling stake in 2.6-GW offshore wind farm
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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 partners in a newly created public utility that would be a subsidiary of Dominion Energy.
Dominion Energy says the partnership will help finance a wind array off Virginia Beach.
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...
Robert Blue, age 91, of Lead, South Dakota passed away January 17, at Ava’s House hospice in Sioux Falls from kidney failure. His wife Barbara, age 90, passed away Tuesday,