MGE, WEC to acquire Wisconsin large solar-storage project from Invenergy
- Madison Gas as well as Electric (MGE) and subsidiaries of WEC Energy Group Inc (NYSE: WEC) have actually safeguarded governing approval to buy a 300-MW solar park with storage in Wisconsin from developer Invenergy LLC.
The authorization for the transaction was granted by the Public Service Commission of Wisconsin, MGE said on Thursday. It concerns the purchase of the Koshkonong Solar Energy Center, which will consist of the photovoltaic (PV) farm and also a 165-MW battery storage system.
Under the arrangement, MGE will certainly acquire 30 MW of solar energy and 16.5 MW of storage. The WEC Energy Group subsidiaries We Energies as well as Wisconsin Public Service (WPS) will certainly have the remaining 270 MW of solar capacity and 148.5 MW of battery storage space.
The Koshkonong Solar Energy Center will be built in the communities of Christiana as well as Deerfield in Dane County. It is expected to go online in late 2025, generating electrical power for about 90,000 homes.
MGE kept in mind that the deal will qualify it to a share of the output that will suffice to provide around 9,000 homes. The utility, which expects to add practically 400 MW of wind, solar as well as battery storage space in between 2015 and 2024, last year got a portion of the Paris Solar-Battery Park in Wisconsin.