MGE, WEC seeking nod to buy rest of 300-MW PV project in Wisconsin
Solar panels. Featured Image: pornvit_v/Shutterstock.com
Subsidiaries of MGE Energy Inc (NASDAQ:MGEE) and WEC Energy Group Inc (NYSE:WEC) are seeking approval to buy together the second 150-MW phase of a 300-MW solar project being developed by Invenergy LLC in Wisconsin.
Madison Gas and Electric (MGE) and WEC Energy’s Wisconsin Electric Power Co and Wisconsin Gas LLC, doing business as We Energies, have submitted a joint application with the Wisconsin Public Service Commission (PSC) for the planned purchase. Under the plan, MGE is to purchase 50 MW of the Badger Hollow solar project, while We Energies will own 100 MW, MGE announced on Thursday.
MGE and Wisconsin Public Service (WPS), another subsidiary of WEC Energy Group, earlier this year received the green light to jointly purchase the first 150-MW phase of the project. They split that 50 MW for MGE and 100 MW for WPS.
The Badger Hollow complex will be installed in Wisconsin's Iowa County, near the villages of Montfort and Cobb. The photovoltaic (PV) facility's first stage will be powered up by the end of next year, while the second will follow in 2021.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.