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Dominion Energy sells 50% stake in Virginia offshore wind farm to Stonepeak for $10 billion project financing.

Dominion Energy is selling a 50% stake in its massive Virginia offshore wind farm to help finance the nearly $10 billion array off the coast of Virginia Beach. The Richmond-based utility retains full operational control over the 176-turbine wind array in its new partnership with Stonepeak, a New York-based firm that invests in energy infrastructure and other assets on behalf of pension funds, endowments and institutions. Dominion Energy Chair and CEO Robert Blue praised Stonepeak’s extensive investment in large and complex energy infrastructure projects.

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