Construction

Doğuhan Enerji, the Solution Partner of 2500 MW, Strengthens Europe with Helios Energy

Published

1 year ago

23 February 2025

Doğuhan Enerji, which provides turnkey services in road, platform, and foundation construction, electrical and cabling works, substation installation, control building construction, and overhead line construction for wind energy projects, also strengthens the European renewable energy sector with Helios Energy, its Romania-based subsidiary established in early 2022.

Operating a consistently with precision and dedication across all project scales, ranging from 1 MW to over 100 MW, Doğuhan Enerji has grown by successfully delivering some of the market’s largest and most significant projects. With 28 years of industry presence and participation in over 200 projects, the company has completed the construction of more than 1,500 turbines, contributing to a total capacity exceeding 2,500 MW. Beyond its core expertise in wind energy projects, Doğuhan Enerji has been providing solutions for solar power plant projects globally for the past three years. Through its European subsidiary, Helios Energy, the company has undertaken the construction and installation of the 155 MW Ratești Project, the largest solar power plant in Eastern Europe, completing it within a record-breaking period of just eight months.

Helios Energy, which has achieved one of the fastest growth rates in the sector by reaching a 600 MW project portfolio within just three years, provides end-to-end turnkey solutions for solar energy projects, covering every stage from construction and foundation works to mechanical and electrical installations, as well as substation construction, SCADA integration, and commissioning processes. In addition to its operations in Romania, Helios Energy is also active in Germany, Hungary, and Italy. Globally, the company has already secured agreements for 210 MW of wind and solar power plant projects to be delivered by 2025.

Striving for 20% Growth

Building a project portfolio that surpasses 2,500 MW, Doğuhan Enerji continues to leave its mark wherever the wind blows, actively participating in project developments across almost every region of Türkiye. To further expand its operational capacity, the company has been investing in machinery and equipment and plans to continue these investments throughout 2025. With the initiatives launched in the last quarter of 2024, Doğuhan Enerji aims to grow its operations in Türkiye and international markets by 20% in 2025.

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Construction

Dominion Energy, Stonepeak Announce Closing of Sale of Noncontrolling Equity Interest In Coastal Virginia Offshore Wind Commercial Project

Published

2 years ago

31 October 2024

Mesut Kul

Dominion Energy, Stonepeak Announce Closing of Sale of Noncontrolling Equity Interest In Coastal Virginia Offshore Wind Commercial Project

Dominion Energy, Inc. (NYSE: D), today announced that it has closed on a transaction to sell a 50% noncontrolling interest in the Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak. Dominion Energy will retain full operational control of the construction and operations of the project, and Stonepeak will have customary minority rights. The transaction was previously announced Feb. 22, 2024.

With this transaction, Dominion Energy has now successfully completed its business review debt reduction initiatives. During the review, the company announced transactions that represent approximately $21 billion of debt reduction. With the closings of the Cove Point LNG, East Ohio Gas, Questar Gas and Wexpro, and Public Service Company of North Carolina sales; and completion of the fuel securitization at Dominion Energy Virginia and the offshore wind partnership, Dominion Energy has now achieved 100% of the business review target. These actions have improved the company’s balance sheet, reduced its risk profile, and established a renewed focus as a pure-play, state-regulated electric utility business.

Robert M. Blue, Dominion Energy chair, president and chief executive officer, said:

“We are pleased to partner with Stonepeak on CVOW, which continues to proceed on-time and on-budget, consistent with our previously communicated timing and cost expectations. Stonepeak is one of the world’s largest infrastructure investors in large energy projects such as offshore wind, and its financial participation in CVOW will benefit both the project and the people who will rely on electricity from CVOW to keep the lights on and fuel economic growth in the Commonwealth.

” Rob Kupchak, senior managing director at Stonepeak, added:

“We are excited to have closed this investment in CVOW, which exemplifies many of the core tenets of essential infrastructure that we invest behind at Stonepeak. We look forward to continuing our partnership with Dominion Energy’s talented team to bring what promises to be one of the most impactful energy projects in the United States to commercial operation.

” The 2.6-gigawatt CVOW, the largest offshore wind farm currently under construction in the United States, is on schedule to generate enough clean, renewable energy to power up to 660,000 homes once fully constructed in late 2026. CVOW will consist of 176 turbines and three offshore substations in a nearly 113,000-acre lease area off the coast of Virginia Beach.

At closing, Dominion Energy received proceeds of $2.6 billion, representing reimbursement of approximately 50% of project-to-date capital investment. Stonepeak will fund 50% of remaining project costs as they are incurred, subject to certain conditions as previously disclosed