Business News: WEC Energy Group acquires 80 percent ownership in Coyote Ridge Wind Farm
MILWAUKEE, WI – Jan. 8, 2019 – WEC Energy Group (NYSE: WEC) today announced that the company has acquired an 80 percent ownership interest in Coyote Ridge Wind Farm, under construction in Brookings County, South Dakota.
The Coyote Ridge project is being developed and will be operated by Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR). The wind farm is expected to be in service by the end of 2019. The project has a long-term offtake agreement with Google Energy LLC for 100 percent of the energy produced.