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Dominion Energy to acquire second offshore wind lease area off coast of North Carolina from Avangrid

PUBLIC · DJul 08, 2024

Acquiring Company

Dominion Energy

Acquired Company

Avangrid

RichmondEnergyOil And GasFinancial ServicesFinanceRenewable EnergyMiningBiomass EnergyEnergyRenewable Energy

Description

Dominion Energy has announced the acquisition of a 40,000-acre lease area off the coast of North Carolina from Avangrid. This acquisition aligns with Dominion's commitment to achieving renewable energy goals and securing access to power generation resources, further supporting the clean energy transition.

Quick answer

Dominion Energy is acquiring Avangrid, announced July 8, 2024. Dominion Energy is based in Richmond, Virginia, United States.

How much did Dominion Energy pay for Avangrid?
The deal value was not disclosed.
What does Dominion Energy do?
Dominion Holdings Inc. is an investment holding company that emerged from BDO Unibank's leasing arm.
Where are Dominion Energy and Avangrid based?
Dominion Energy is based in Richmond, Virginia, United States.
Who are the decision-makers at Dominion Energy?
Fundz holds 2 contacts at Dominion Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Dominion Energy

Location

600 East Canal Street

Richmond, Virginia, United States

About

Dominion Holdings Inc. is an investment holding company that emerged from BDO Unibank's leasing arm. The company is transitioning towards acquiring stakes in mining corporations. It was rebranded from BDO Leasing and Finance Inc. and has a mandate to explore diverse capital opportunities in the commodities sector. Dominion is now led by a new board following its acquisition.

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Frequently asked

Who acquired Avangrid?

Avangrid was acquired by Dominion Energy, based in Richmond. The deal was reported on July 8, 2024. Dominion Holdings Inc. is an investment holding company that emerged from BDO Unibank's leasing arm. The company is transitioning towards acquiring stakes in mining corporations. Dominion Energy is publicly traded (D) and operates in Energy.

When did Dominion Energy acquire Avangrid?

Dominion Energy's acquisition of Avangrid was reported on July 8, 2024. Dominion Energy has announced the acquisition of a 40,000-acre lease area off the coast of North Carolina from Avangrid. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Avangrid do?

An industry leader in clean energy projects, empowering communities and promoting sustainability for a brighter, greener tomorrow. Our employees provide the energy and innovation that drive Avangrid. It is privately held, operating in Energy.

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