WEC Energy Group to increase ownership interest in three Midwest wind farms

Article originally published by Cision PR Newswire

WEC Energy Group (NYSE: WEC) today [Feb.19, 2020] announced that the company has agreed to increase its ownership interest from 80% to 90% in three Midwest wind farms: Blooming Grove Wind Farm, Thunderhead Wind Energy Center and the Upstream Wind Energy Center. The total investment is $118 million for an additional 75 megawatts of capacity…

Invenergy, a leading developer and operator of sustainable energy solutions, is currently building the Blooming Grove and Thunderhead projects which are expected to achieve commercial operation by the end of 2020. The Upstream Wind Energy Center, also developed by Invenergy, began service in January 2019. All three wind farms have long-term offtake agreements with affiliates of investment-grade multinational corporations…