WEC Energy Group (NYSE: WEC) today announced that the company has agreed to acquire an 80% ownership interest in the Samson I Solar Energy Center.
Samson I is a 250-megawatt project located about 140 miles northeast of Dallas, Texas. The project was developed and built by Invenergy — a leading global developer and operator of sustainable energy solutions. Commercial operation began in May 2022.
Samson I is generating renewable energy under a long-term power purchase agreement with AT&T. WEC Energy Group’s investment is expected to total approximately $250 million for the 80% ownership interest.