WEC ENERGY ACQUIRES OWNERSHIP IN TATANKA RIDGE WIND FARM

WEC Energy Group has announced that the company has agreed to acquire an eighty-five percent 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. Commercial operation is expected to begin by early 2021. The project has long-term offtake agreements for one-hundred percent of the energy produced with a multinational investment grade company and a well-established electric cooperative that serves utilities in multiple states. The Tatanka Ridge site will consist of fifty-six wind turbines with a combined capacity of 155 megawatts. WEC Energy Group’s investment is expected to total $235 million for the eighty-five percent ownership interest and substantially all of the tax benefits.
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