Investment Summary

WEC Energy Group Invests In Sapphire Sky Wind Energy Center

On July 27, 2021, WEC Energy Group invested in renewable energy company Sapphire Sky Wind Energy Center

Investment Highlights
  • This is WEC Energy Group’s 4th transaction in the Renewable Energy sector.
  • This is WEC Energy Group’s 5th transaction in the United States.
  • This is WEC Energy Group’s 3rd transaction in Illinois.

Investment Summary

Date 2021-07-27
Target Sapphire Sky Wind Energy Center
Sector Renewable Energy
Investor(s) WEC Energy Group
Deal Type Stake Purchase

Target

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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Investor(S) 1

Investor

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 5 of 6
Sector (Renewable Energy) 4 of 5
Type (Stake Purchase) 1 of 1
State (Illinois) 3 of 4
Country (United States) 5 of 6
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Jayhawk Wind Farm

United States

Jayhawk Wind, a wind energy project expected to generate up to 195 megawatts of clean, homegrown energy. Local wind data confirms that the area under consideration is ideal for a project of this size, which will produce enough safe, pollution-free energy to power up to 70,260 U.S. homes every year.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-31 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.

Buy -