M&A Deal Summary

WEC Energy Group Acquires Maple Flats Solar Energy Center

On October 31, 2022, WEC Energy Group acquired renewable energy company Maple Flats Solar Energy Center

Acquisition Highlights
  • This is WEC Energy Group’s 5th transaction in the Renewable Energy sector.
  • This is WEC Energy Group’s 6th transaction in the United States.
  • This is WEC Energy Group’s 4th transaction in Illinois.

M&A Deal Summary
Date 2022-10-31
Target Maple Flats Solar Energy Center
Sector Renewable Energy
Buyer(s) WEC Energy Group
Deal Type Add-on Acquisition

Target

Maple Flats Solar Energy Center

Clay County, Illinois, United States
Maple Flats Solar Energy Center is a 250-megawatt project that hosts 800,000 solar panels across 1,500 acres. Maple Flats Solar Energy Center is based in Clay County, Illinois.

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Buyer(S) 1

Buyer

WEC Energy Group

Milwaukee, Wisconsin, United States
Category Company
Founded 1896
Sector Utilities
Employees7,000
Revenue 8.9B USD (2023)
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 6 of 6
Sector (Renewable Energy) 5 of 5
Type (Add-on Acquisition) 3 of 3
State (Illinois) 4 of 4
Country (United States) 6 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Sapphire Sky Wind Energy Center

Bloomington, Illinois, United States

Sapphire Sky Wind Energy Center is a developer and operator of sustainable energy solutions. Sapphire Sky site will consist of 64 wind turbines with a combined capacity of 250 megawatts. Sapphire Sky Wind Energy Center is based in Bloomington, Illinois.

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