WEC Energy Group has agreed to acquire an 80 percent ownership interest in the Maple Flats Solar Energy Center in Illinois for about $360 million.
The 250-megawatt Maple Flats Solar Energy Center project is being developed by Invenergy — a global developer and operator of sustainable energy solutions — and represents the first solar investment in WEC Energy Group's Infrastructure segment.
The project will generate renewable energy that will be sold under a long-term power purchase agreement with a Fortune 100 company.
“The Maple Flats project demonstrates the growing opportunities for our Infrastructure business as we continue to invest in the production 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 companies in the world and further diversify our portfolio of renewable assets.”
The Maple Flats Solar Energy Center project is expected t