WEC Energy acquires 80% stake in Coyote Ridge windfarm
WEC Energy Group | January 09, 2019
US-based WEC Energy Group has bought an 80% stake in Coyote Ridge windfarm from Avangrid Renewables. WEC Energy Group paid $145m for the project interest and all related tax benefits. Located in Brookings County, South Dakota, Coyote Ridge windfarm is currently under development and will be operated by Avangrid Renewables once it begins its operations later this year. Avangrid Renewables president and CEO Laura Beane said: “Working with a trusted partner like WEC Energy Group aligns with our strategy to maximise the value of our robust renewables pipeline.