WEC Energy buys majority stake in 155 MW Tatanka Ridge wind farm in Deuel County

WEC Energy Group 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, LLC, a wholly-owned subsidiary of Avangrid. 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 a well-established electric cooperative that serves utilities in multiple states.

The Tatanka Ridge site will consist of 56 wind turbines with a combined capacity of 155 megawatts. WEC Energy Group's investment is expected to total US$235 million for the 85% ownership interest and substantially all of the tax benefits.

The WEC Energy Group investment is expected to be eligible for 100% bonus depreciation. The transaction is subject to receiving all necessary regulatory approvals.