The Largest U.S. Offshore Wind Farm Has Its First 2 Windmills
U.S. utility giant Dominion Energy (NYSE: D) is shifting its profile, looking to get cleaner and greener. That's nothing unique; many peers are heading in the same direction. However, it recently embarked on a huge offshore wind project that investors need to watch. Here's what is going on.
Dominion Energy recently made headlines for canceling a massive pipeline project called Atlantic Coast. At the same time, it agreed to sell most of its existing pipeline business to Berkshire Hathaway. That move will materially shrink Dominion's business and result in a dividend cut. This is a big move in some ways, but not really a change in the trend for Dominion.
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Source Fool.com
