WEC Energy Group has agreed to invest $412 million for a 90 percent ownership interest in the Sapphire Sky Wind Energy Center, located in McLean County, Ill.
The project is being developed by Invenerg, a global developer and operator of sustainable energy solutions.
The Sapphire Sky site will consist of 64 wind turbines with a combined capacity of 250 megawatts. The site will generate renewable energy that will be sold under a long-term power-purchase agreement with a Fortune 100 global high-tech company. The facility is expected to reach commercial operations by the end of 2022.
“The Sapphire Sky project is the latest step forward in our comprehensive plan to accelerate the development of affordable, reliable and clean energy,” said Gale Klappa, executive chairman of WEC. “This project will help meet the energy needs of one of the largest high-tech companies in the world and continue to grow earnings from our portfolio of renewable assets.
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