View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 3, 2021updated 08 Nov 2021 10:01am

WEC Energy subsidiaries propose to acquire solar and battery project in US

WEC Energy Group subsidiaries We Energies and Wisconsin Public Service (WPS) have proposed to acquire 465MW Koshkonong Solar Energy Center in south-central Wisconsin, US.

By Umesh Ellichipuram

WEC Energy Group subsidiaries We Energies and Wisconsin Public Service (WPS) have proposed to acquire 465MW Koshkonong Solar Energy Center in south-central Wisconsin, US.

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

With an investment of $649m, the solar and battery storage project is planned to be built in Dane County, Wisconsin, southeast of Madison and will be developed by Invenergy.

The Koshkonong Solar Energy Center will feature a 300MW of solar generation and 165MW of battery storage facility, which will store solar-generated power.

We Energies and WPS president Tom Metcalfe said: “The Koshkonong project is another key component in our effort to build a sustainable future and ensure electric reliability in the region.

“We saw this winter in Texas and other states the dangerous results when people are without heat and power. Our focus on investing in affordable, reliable and clean energy means customers will have the energy they need when they need it.”

The Koshkonong project forms a part of WEC Energy Group’s plan to invest nearly $2bn in new solar, wind and battery storage projects at its utilities by 2025.

We Energies and WPS filed the project proposal with the Public Service Commission of Wisconsin.

The two companies will own 90% of the project, while the remaining 10% stake would be owned by Madison Gas and Electric.

If approved, construction works at the site are expected to begin next year with commercial operation in 2024.

It is the third large-scale solar and battery project announced this year by WEC Energy Group’s subsidiaries.

Earlier this year, We Energies and WPS announced plans to acquire 325MW Darien Solar Energy Center and 310MW Paris Solar-Battery Park.

Related Companies

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology