- WEC Energy (NYSE:WEC) agrees to acquire a 90% ownership interest in the Jayhawk Wind Farm, to be built in Bourbon and Crawford counties, Kansas, for $302M.
- Invenergy will acquire the remaining 10% stake and operate the facility.
- Jayhawk will generate renewable energy that will be sold under long-term contract to Facebook; it will consist of 70 GE wind turbines with a combined capacity of more than 190 MW.
- Commercial operation is expected to begin by year-end 2021.
- WEC shares have dropped along with peers since November, which should open an opportunity for long-term investors, Gen Alpha writes in a bullish analysis published recently on Seeking Alpha.