RTTNews | Mar 1, 2021 08:14AM EST

08:14 Monday, March 1, 2021 (RTTNews.com) - WEC Energy Group (WEC) announced Monday that it agreed to acquire a 90% ownership interest in the Jayhawk Wind Farm, to be built in Bourbon and Crawford counties, Kansas. The investment is expected to total $302 million for the 90% ownership interest and substantially all of the tax benefits.

The investment is part of the company's $16 billion ESG Progress Plan, the largest 5-year capital plan in the company's history. The transaction is subject to receiving all necessary regulatory approvals.

The Jayhawk site will consist of 70 GE wind turbines with a combined capacity of more than 190 megawatts. It will generate renewable energy that will be sold under long-term contract to Facebook.

The project is being developed by Apex Clean Energy, a leading clean energy company. Invenergy will acquire the remaining 10% ownership interest and will operate the facility. Commercial operation is expected to begin by the end of 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3173826/wec-energy-to-acquire-90-stake-in-jayhawk-wind-farm-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved