US-based WEC Energy Group has agreed to acquire a 90% stake in the Jayhawk Wind Farm, Kansas, US, for $302m. Invenergy will operate the wind farm in Bourbon and Crawford counties after acquiring the remaining 10% interest.
Apex Clean Energy has started development of the wind farm, aiming to bring it online by the end of this year.
WEC Energy Group executive chairman Gale Klappa said: “Our commitment to the Jayhawk project is the next step forward in our comprehensive plan to build a bright, sustainable future, serve strong vibrant customers and continue to grow earnings from our portfolio of renewable energy assets.”
The Jayhawk site will use 70 GE wind turbines and have a combined generation capacity of more than 190MW. Facebook has signed a long-term contract to purchase all power generated.
WEC Energy’s investment forms part of the company’s $16bn efficiency, sustainability and growth plan.
Completion of the transaction is subject to necessary regulatory approvals.
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In another development, Atlantica Sustainable Infrastructure reached an agreement to acquire Coso Geothermal Power Holdings, a 135MW geothermal power plant, from a consortium of investors.
The consortium includes Bardin Hill Investment Partners, Avenue Capital, Corre Partners Management and Voya Financial.
Subject to customary conditions and regulatory approvals, the $170m deal will be closed in the first half of this year.
Meanwhile, SDCL Energy Efficiency Income Trust has acquired a 50% interest in Onyx Renewable Partners. The company developed a portfolio of commercial and industrial solar and energy storage projects in the US, now owned by SDCL.