Even with cost bumps in U.S. offshore wind power construction causing new impacts to projects and developers, actions by some traditional energy sector firms in recent weeks indicate continuing commitment to their transition to renewables.
Virginia-based Dominion Energy said it would sell to Canadian pipeline operator Enbridge its three U.S. natural gas companies for $14 billion, a move that would make the buyer the largest gas utility by volume in North America. Dominion said the move comes amid an ongoing business review to boost its stock value, which has dropped by more than 40% since last September.