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WEC ENERGY GROUP TO ACQUIRE MAJORITY OWNERSHIP OF DELILAH PROJECT

31 May 2024 8:27 AM | Anonymous

WEC Energy Group has agreed to acquire a ninety percent ownership interest in the Delilah I Solar Energy Center.in Texas.

Delilah I is a 300-megawatt project located approximately 140 miles northeast of Dallas. The project was developed and built by Invenergy — a leading global developer and operator of sustainable energy solutions. Commercial operation is expected to begin by the end of June.

Delilah I will generate renewable energy under a long-term power purchase agreement with a global automaker. WEC Energy Group's investment is expected to total $459 million for the 90% ownership interest.

"The Delilah Solar project is an exciting addition to our Infrastructure business and highlights our continued investment in affordable, reliable and clean energy. This project will help one of the world's largest automakers meet their clean energy goals for years to come," said Gale Klappa, Executive Chairman.

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