WEC Energy Group is set to acquire a 90% ownership interest in the Jayhawk Wind Farm in Kansas from Apex Clean Energy for $302m.
With a generation capacity of more than 190MW, the Jayhawk site will feature 70 GE wind turbines.
Under a long-term contract, the renewable energy generated by the wind farm will be sold to the social media giant Facebook.
Clean energy company Apex Clean Energy is developing the project. The remaining 10% stake in the wind farm will be acquired by Invenergy.
The Chicago-based multinational power generation company Invenergy will be the operator of the Jayhawk wind farm.
WEC Energy Group executive chairman Gale Klappa said: “Our commitment to the Jayhawk project is the next step forward in our comprehensive plan to build a bright, sustainable future, serve strong vibrant customers and continue to grow earnings from our portfolio of renewable energy assets.”
The acquisition is part of WEC Energy Group’s $16bn ESG Progress Plan, a 5-year capital plan for investment in efficiency, sustainability and growth.
The transaction is subject to receiving all necessary regulatory approvals.
Based in Milwaukee, WEC Energy Group is one of the premier energy companies in the US, serving 4.6 million customers in Wisconsin, Illinois, Michigan and Minnesota.
Recently, the company proposed plans for a new 310MW solar and battery storage project, named the Paris Solar-Battery Park in Kenosha County, Wisconsin.
The project will feature 200MW of solar generation and 110MW of battery storage.