WEC Energy Group Acquires 90% of Kansas' Jayhawk Wind Farm

The Jayhawk wind farm is being developed by Apex Clean Energy and will consist of 70 GE wind turbines with a combined capacity of more than 190 megawatts. The generated wind power will be sold to Facebook via PPA. Invenergy will acquire the remaining 10% ownership interest and will operate the facility. Commercial operation is expected to begin by the end of 2021.

WEC Energy Group's 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 which calls for investment in efficiency, sustainability and growth.

"Our commitment to the Jayhawk project is the next step forward in our comprehensive plan to build a bright, sustainable future, serve strong vibrant customers and continue to grow earnings from our portfolio of renewable energy assets," said Gale Klappa, executive chairman.

The transaction is subject to receiving all necessary regulatory approvals.