A Wisconsin-based utility group is shopping for a controlling stake in a Kansas wind farm for $302 million.
WEC Energy Group is buying a 90-percent curiosity within the Jayhawk Wind Farm beneath development in Bourbon and Crawford counties, Kansas. The 190-MW Jayhawk, as soon as operational, will generate carbon-free electrical energy beneath long-term contract to Facebook.
Apex Clean Energy is creating the Kansas wind farm and hopes to succeed in business operation by the tip of this yr. Invenergy will purchase the remaining 10 % of the Jayhawk challenge and function the location.
The funding is a part of the WEC Energy Group’s $16 billion ESG Progress Plan — the biggest 5-year capital plan within the firm’s historical past. It requires funding in effectivity, sustainability and development.
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“Our dedication to the Jayhawk challenge is the subsequent step ahead in our complete plan to construct a vibrant, sustainable future, serve robust vibrant prospects and proceed to develop earnings from our portfolio of renewable vitality belongings,” stated Gale Klappa, government chairman.
The Jayhawk Wind Farm could have 70 GE wind generators. The transaction is topic to receiving all needed regulatory approvals.
IEA Constructors, a subsidiary of Infrastructure and Energy Alternatives, was awarded the contract to engineer, procure and construct the 190-MW facility. Work on the Jayhawk Wind Farm started in February, with Apex Clean vitality dealing with administration of the development section.
Kansas ranks fifth within the U.S. for wind energy capability with greater than 6,500 MW and rising.
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Utility-scale wind energy will play an enormous position within the Future of Electricity. Check out the 2021 POWERGEN+ schedule for classes on future energy era funding in June and The Wide World of Renewable Energy in August. You may watch previous classes on demand. POWERGEN+ has featured audio system from AEP, AES, Ameren, Entergy, Exelon, NERC, U.S. Department of Energy, NRG Energy, ComEd and Avista, amongst others
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