Dominion Energy Sells 50% Stake in Coastal Virginia Offshore Wind Project to Stonepeak

Dominion Energy has completed a transaction to sell a 50% non-controlling interest in its 2,600MW Coastal Virginia Offshore Wind (CVOW) project to Stonepeak. While Dominion Energy will retain full operational control of both construction and operations, Stonepeak will hold customary minority rights. The sale is part of Dominion's broader business review and debt reduction strategy,