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M&A Deal Summary

WEC Energy Group Acquires Coyote Ridge Wind Farm

On January 8, 2019, WEC Energy Group acquired renewable energy company Coyote Ridge Wind Farm from Avangrid Renewables for 145M USD

Acquisition Highlights
  • This is WEC Energy Group’s 1st transaction in the Renewable Energy sector.
  • This is WEC Energy Group’s 3rd largest (disclosed) transaction.
  • This is WEC Energy Group’s 2nd transaction in the United States.
  • This is WEC Energy Group’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2019-01-08
Target Coyote Ridge Wind Farm
Sector Renewable Energy
Buyer(s) WEC Energy Group
Sellers(s) Avangrid Renewables
Deal Type Divestiture
Deal Value 145M USD

Target

Coyote Ridge Wind Farm

White, South Dakota, United States
Coyote Ridge Wind Farm site consists of 39 GE wind turbines with a combined capacity of 97 megawatts.

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Buyer(S) 1

Buyer

WEC Energy Group

Milwaukee, Wisconsin, United States
Category Company
Founded 1896
Sector Utilities
Employees7,000
Revenue 8.6B USD (2024)
DESCRIPTION

WEC Energy Group is an electric and natural gas delivery company with deep operational expertise, scale, and financial resources to meet the region’s future energy needs. We focus on reliable service, customer satisfaction, and shareholder value. WEC Energy Group was founded in 1896 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 2 of 6
Sector: Renewable Energy M&A 1 of 5
Type: Divestiture M&A Deals 1 of 2
State: South Dakota M&A 1 of 1
Country: United States M&A 2 of 6
Year: 2019 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-23 Integrys Energy Group

Chicago, Illinois, United States

Integrys Energy Group Inc. is a diversified energy holding company with regulated natural gas and electric utility operations.

Buy $9.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Blooming Grove Wind Energy Center

Lexington, Illinois, United States

Blooming Grove Wind Energy Center is a developer and operator of sustainable energy solutions. Blooming Grove Wind Energy Center is based in Lexington, Illinois.

Buy $345M

Seller(S) 1

SELLER

Avangrid Renewables

Portland, Oregon, United States
Category Company
Sector Renewable Energy
Employees7,000
DESCRIPTION

Avangrid Renewables is focused on developing, building, and operating the clean energy infrastructure. The company is already generating power from nearly 60 renewable energy projects for its utility-scale customers in the United States and helping lead America’s transition to a renewable energy future.

DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: South Dakota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1
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