WEC Energy To Acquire 90% Stake In Jayhawk Wind Farm - Quick Facts

(RTTNews) - 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.