Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project has made substantial strides, representing a milestone in the expansion of renewable energy within the United States. The company has completed the installation of 78 monopile foundations and four offshore substation foundations, wrapping up the first phase of construction for this ambitious 2.6-gigawatt endeavor. This development highlights […]
Dominion Energy has finalised a significant transaction, closing the sale of a 50% non-controlling interest in its Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak. This landmark deal, worth approximately $2.6 billion, comes as part of Dominion’s broader strategic efforts to restructure its portfolio and reduce debt. Stonepeak’s investment reflects a growing trend among […]
Stonepeak, a prominent alternative investment firm focusing on infrastructure and real assets, has successfully acquired a significant logistics portfolio in Chicago, Illinois, from CenterPoint Properties. This strategic acquisition comprises three assets totaling 1.7 million square feet, situated at North America’s largest inland port, significantly enhancing Stonepeak’s supply chain real estate holdings. The newly acquired portfolio […]
In a significant development for the renewable energy sector, Dominion Energy, Inc. has announced a strategic partnership with Stonepeak through the sale of a 50% noncontrolling interest in the Coastal Virginia Offshore Wind (CVOW) commercial project. This landmark deal, valued at approximately $3 billion, underscores the growing interest and investment in sustainable energy projects. Dominion […]
Textainer Group Holdings Limited, a global front-runner in intermodal container leasing, has confirmed its forthcoming acquisition by infrastructure investment powerhouse, Stonepeak. The purchase, priced at a whopping $2.1 billion for the common shares, values the enterprise at an estimated $7.4 billion. Purchase Details Shareholders of Textainer are set for a cash bonanza, receiving $50.00 per […]
Stonepeak, a US alternative investment firm, and Spirit Super, an Australian industry super fund, have agreed to acquire Victoria’s second largest port GeelongPort, in a joint transaction valued at approximately AUD 1.1 billion ($728.2 million). As per the terms of the transaction, Stonepeak will acquire a majority 70% stake in GeelongPort, and Spirit Super will […]