Powering Up the Future: Dominion Energy Acquires Lease for 800 MW Offshore Wind Project
Powering Up the Future: Dominion Energy Acquires Lease for 800 MW Offshore Wind Project
Dominion Energy, Inc.'s (NYSE:D) subsidiary Virginia Electric and Power Company agreed to acquire the Kitty Hawk North Wind offshore wind lease and associated developments (known as CVOW-South) from Avangrid, Inc. (NYSE:AGR) for $160 million.
Dominion Energy, Inc.（NYSE：D）的子公司Virginia Electric and Power Company同意从avangrid以1.6亿美元的价格收购海风租赁项目Kitty Hawk North Wind以及相关开发项目（称为CVOW-South）。
The transaction value comprises $117 million for the lease acquisition and $43 million for related development cost reimbursement to Avangrid.
交易价格包括1.17亿美元的租赁收购和4300万美元的相关开发成本返还给avangrid。
Notably, the acquisition includes a payment of approximately $3,000 per acre for the nearly 40,000-acre lease.
值得注意的是，该收购包括近40,000英亩租赁的每英亩约3000美元的支付。
CVOW-South is projected to generate 800 MW of offshore wind generation capacity by the 2030s, providing electricity for 200,000 homes and businesses.
CVOW-South预计到2030年代将产生800兆瓦的海上风电发电能力，为20万个家庭和企业提供电力。
Virginia Electric and Power Company is constructing the 2.6-GW CVOW project, which is located 25 miles north of the CVOW-South lease.
Virginia Electric and Power Company正在建设2.6吉瓦的CVOW项目，该项目位于CVOW-South租约北25英里处。
The project is on track for completion by late 2026. Since May 22, 2024, 25 monopiles have been installed, and 70-100 monopiles are aimed for by the end of October.
该项目计划于2026年末竣工。自2024年5月22日以来，已安装了25个单桩，计划在10月底前安装70-100个单桩。
Dominion Energy and Avangrid anticipate closing the transaction in the fourth quarter of 2024, pending approvals from the Bureau of Ocean Energy Management and the City of Virginia Beach.
Dominion Energy和avangrid预计将在第四季度完成交易，待海洋能源管理局和维吉尼亚海滩市批准。
Robert M. Blue, chair, president and chief executive officer of Dominion Energy, said, "The Virginia model for regulated offshore wind development is proving to be an enabler of on-time and on-budget wind generation at exceptional relative value for our customers and is the model we would intend to pursue for any future offshore wind development."
Dominion Energy的chair、总裁兼首席执行官Robert m. Blue说：“维吉尼亚监管的离岸风电开发模式正证明能够实现按期、按预算建设风电发电，为我们的客户提供非常相对价值的模式，并且这也是我们将追求任何未来的离岸风电开发的模式。”
As of March-end, Dominion Energy had cash and cash equivalents of $265 million.
截至3月底，Dominion Energy的现金及现金等价物为2.65亿美元。
Investors can gain exposure to the stock via BNY Mellon ETF Trust BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) and and WBI Power Factor High Dividend ETF (NYSE:WBIY).
投资者可以通过BNY Mellon ETF Trust BNY Mellon Global Infrastructure Income ETF（BATS:BKGI）和wbi power factor high dividend etf（NYSE：WBIY）获得该股票的持股。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
Price Action: D shares are up 0.20% at $49.43 premarket at the last check Tuesday.
据最后一次检查，D股票在盘前上涨0.20%，报49.43美元。
Photo via Shutterstock
图片来自shutterstock。