WEC Energy Group enters deal to acquire 90% stake in Sapphire Sky Wind Energy Center

WEC Energy Group has agreed to acquire a 90% ownership interest in the Sapphire Sky Wind Energy Center. Located in McLean County, Illinois, the project is being developed by Invenergy. The investment is valued at US$412 million. 

The Sapphire Sky site will consist of 64 wind turbines with a combined capacity of 250 megawatts. Commercial operation is expected by the end of 2022.

Sapphire Sky will generate renewable energy that will be sold under a long-term power purchase agreement with a Fortune 100 global, high-tech company. 

The transaction is subject to receiving all necessary regulatory approvals.