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WEC Energy Group has announced that the company has acquired an 80% ownership interest in Coyote Ridge wind farm, under construction in Brookings County, South Dakota, USA.
The Coyote Ridge project is being developed and will be operated by Avangrid Renewables. The wind farm is expected to be in service by the end of 2019. The project has a long-term offtake agreement with Google Energy for 100% percent of the energy produced. The Coyote Ridge site consists of 39 GE wind turbines with a combined capacity of 97MW. WEC Energy Group's investment will total US$ 145 million for the 80% ownership interest and substantially all of the tax benefits.
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