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Reuters

Avangrid sells offshore wind lease to Dominion Energy for $160 million

Reuters
Summary
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82% Informative

Avangrid, part of the Iberdrola Group , has completed the sale of its Kitty Hawk North offshore wind lease to Dominion Energy at $160 million .

The sale includes a lease acquisition payment of $117 million and reimbursement of associated development costs.

The lease covers the nearly 40,000-acre wind farm proposed more than 36 miles from Virginia Beach , Virginia , and associated assets.

VR Score

91

Informative language

95

Neutral language

89

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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