RTTNews | Jul 28, 2020 07:38AM EDT

07:38 Tuesday, July 28, 2020 (RTTNews.com) - WEC Energy Group (WEC) said it agreed to acquire an 85% ownership interest in Tatanka Ridge Wind Farm, under construction in Deuel County, South Dakota.

The project is being developed by Avangrid Renewables, LLC, a wholly-owned subsidiary of Avangrid Inc. (AGR). Commercial operation is expected to begin by early 2021. The project has long-term offtake agreements for 100% of the energy produced with a multinational investment grade company and a well-established electric cooperative that serves utilities in multiple states.

WEC Energy Group's investment is expected to total $235 million for the 85% ownership interest and substantially all of the tax benefits.

Read the original article on RTTNews ( https://www.rttnews.com/3114936/wec-energy-group-to-acquire-85-ownership-in-tatanka-ridge-wind-farm.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved