Avangrid sells Kitty Hawk North offshore wind lease to Dominion Energy for $160 million.

Avangrid has finalized the sale of the Kitty Hawk North offshore wind lease area to Dominion Energy for approximately $160 million. This deal includes a $117 million lease acquisition payment and reimbursement for development costs. Avangrid's CEO stated the transaction supports the company's strategic focus, allowing them to pursue new investments while retaining rights to the area, which can generate 2.4 GW of clean energy for various states.

October 24, 2024
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