Posted by: Windfair Editors
WEC Energy acquires Sapphire Sky Wind Farm
Official Press Release WEC Energy Group:
WEC Energy Group to acquire 90% ownership of Sapphire Sky Wind Energy Center
WEC Energy Group today announced that the company has agreed to acquire a 90% ownership interest in the Sapphire Sky Wind Energy Center. Located in McLean County, Illinois, the project is being developed by Invenergy — a leading global developer and operator of sustainable energy solutions.
The Sapphire Sky site will consist of 64 wind turbines with a combined capacity of 250 megawatts. Commercial operation is expected by the end of 2022. Sapphire Sky will generate renewable energy that will be sold under a long-term power purchase agreement with a Fortune 100 global, high-tech company. WEC Energy Group's investment is expected to total $412 million for the 90% ownership interest. With this project, the company's Infrastructure segment has... ... More: Official Press Release WEC Energy Group
- Keywords:
- WEC Energy Group, acquisition, wind farm, onshore, USA, Sapphire Sky Wind Energy Center, MW, Invenergy, PPA
