WEC Energy Group has announced that the company has agreed to acquire an 85% ownership interest in Tatanka Ridge Wind Farm, under construction in Deuel County, South Dakota, USA.
The project is being developed by Avangrid Renewables. Commercial operation is expected to begin by early 2021. The project has long-term offtake agreements for 100% of the energy produced with a multinational investment grade company and an electric cooperative that serves utilities in multiple states. The Tatanka Ridge site will consist of 56 wind turbines with a combined capacity of 155MW. WEC Energy Group's investment is expected to total US$ 235 million for the 85% ownership interest and substantially all of the tax benefits.
