WEC Energy to acquire majority stake in solar project near Dallas

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Energy News

Project,Wec,Delilah

The 300-megawatt solar project Delilah I is developed by Invenergy to generate renewable energy under a long-term power purchase agreement with a global automaker

U.S. electric utility WEC Energy Group said on Monday it will acquire 90 per cent ownership stake in a solar project located near Dallas, Texas for about $459-million.

WEC said the investment is eligible for production tax credits provided under President Joe Biden’s Inflation Reduction Act .

 

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