Dominion Energy has made a considerable strategic move by selling a 50% noncontrolling interest in its Coastal Virginia Offshore Wind (CVOW) project to Stonepeak. Valued at $2.6 billion, this sale is aimed at significantly reducing Dominion's outstanding debt and honing its business model into
Xcel Energy, a leading utility company in the United States, has announced an ambitious clean energy plan that places a significant emphasis on wind power. This move contrasts sharply with the prevailing trend in the industry, which has largely favored solar energy. By 2030, Xcel aims to add 3.2GW
The New Jersey Board of Public Utilities (NJBPU) is facing intense scrutiny from local officials and residents over its handling of safety and transparency concerns related to a planned 6,400 MW offshore wind transmission line. This project, set to run through Sea Girt, Manasquan, Wall Township,
In an ambitious move aimed at accelerating the development of high-capacity transmission infrastructure, American Electric Power (AEP), Dominion Energy Virginia, and FirstEnergy have entered into a significant joint planning agreement. This collaboration is focused on managing the growing
The state of Wisconsin is making a significant shift towards renewable energy, with its three major utilities—We Energies, Wisconsin Public Service (WPS), and Madison Gas and Electric (MGE)—taking the lead. With nearly $2 billion invested in various renewable energy projects, this ambitious plan aim
The rapid advancements in technology and the rise of hyperscale data centers have significantly reshaped the renewable energy sector. As giants like Microsoft, Google, Amazon, and Meta continue to expand their operations, their energy procurement strategies are having profound effects on market
