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Transactions - AUGUST 10, 2020

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Avangrid Renewables to sell stake in Tatanka Ridge Wind Farm for $235m

by Kali Persall

Avangrid Renewables has unveiled plans to sell its 85 percent ownership stake in the Tatanka Ridge Wind Farm — currently under construction in South Dakota — to WEC Energy Group for $235 million.

The 155-megawatt wind project will include 56 wind turbines and encompasses 18,000 acres of primarily corn and soybean farms and cattle ranches that are leased from more than 100 landowners. The project is expected to reach commercial operations by 2021.

“Partnering with WEC Energy Group on another new wind project enables us to capitalize on our broad development pipeline of renewable projects around the country,” said Alejandro de Hoz, president and CEO of Avangrid Renewables. “With a renewables development pipeline approaching 19 gigawatts, we have the flexibility to pursue different avenues to maximize the value of our wind and solar assets and lead a transformational change in the energy sector by meeting customers’ and partners’ appetite for clean energy so

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