WEC Energy Group (NYSE: WEC) today announced that the company has agreed to acquire an 80% ownership interest in the Maple Flats Solar Energy Center. Located in Clay County, Illinois, the project is being developed by Invenergy — a leading global developer and operator of sustainable energy solutions.
The Maple Flats Solar Energy Center is a 250-megawatt project. The site will host 800,000 solar panels across 1,500 acres. Commercial operation is expected in early 2024.
The project will generate renewable energy that will be sold under a long-term power purchase agreement with a Fortune 100 company.