Avangrid Sells Offshore Wind Lease
This is a Virginia Beach news story, published by Yahoo Finance, that relates primarily to Hawk North news.
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Kitty Hawk South leaseReuters
•Avangrid sells offshore wind lease to Dominion Energy for $160 million
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.
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