Dominion Energy Disclosed An Agreement To Sell A 50% Noncontrolling Interest In The Coastal Virginia Offshore Wind Commercial Project To Stonepeak, Through The Formation Of An Offshore Wind Partnership, For A Proceeds Of Approximately $3B
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Dominion Energy has announced an agreement to sell a 50% noncontrolling interest in the Coastal Virginia Offshore Wind Commercial Project to Stonepeak. The deal, structured through the formation of an offshore wind partnership, is valued at approximately $3 billion.
February 22, 2024 | 12:27 pm
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Dominion Energy's agreement to sell a 50% stake in the Coastal Virginia Offshore Wind Commercial Project to Stonepeak for $3 billion indicates a significant capital inflow and strategic partnership.
The sale of a significant stake in a major renewable energy project not only provides Dominion Energy with a substantial capital inflow but also aligns with broader industry trends towards renewable energy investments. This strategic partnership could enhance Dominion's financial flexibility and potentially its market positioning in the renewable sector.
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