We Energies and Wisconsin Public Service announce another large-scale renewable energy project

Rhea-AI Summary

WEC Energy Group's subsidiaries, We Energies and Wisconsin Public Service, propose the $446 million Darien Solar Energy Center, a 325-MW project featuring 250 MW of solar generation and 75 MW of battery storage. This project aims to power 75,000 homes and store solar energy for use after sunset. Along with the earlier announced 310-MW Paris Solar-Battery Park, these initiatives are part of a $2 billion investment in renewable energy by 2025, targeting a 55% reduction in carbon emissions by 2025 and 70% by 2030. Construction of Darien is expected to commence in late 2021.

Positive

• The Darien Solar Energy Center will support 75,000 homes with clean energy.
• The project contributes to WEC's $2 billion investment in renewables by 2025.
• Targeting a 55% reduction in carbon emissions by 2025 enhances WEC's sustainability profile.

Negative

• None.

MILWAUKEE, March 16, 2021 /PRNewswire/ -- We Energies and Wisconsin Public Service (WPS), subsidiaries of WEC Energy Group (NYSE: WEC), are advancing plans for a new 325-megawatt (MW) solar and battery storage project. The Darien Solar Energy Center is the company's second proposed large-scale solar and battery project announced this year.

If approved, the $446 million Darien Solar Energy Center would feature 250 MW of solar generation, which is equal to powering 75,000 homes, and 75 MW of battery storage, which can store solar-generated power and provide customers with "sunshine after sunset." The project is planned to be built in Rock and Walworth counties, Wisconsin.

Last month, the companies announced plans for the 310-MW Paris Solar-Battery Park. If approved, the $426 million Paris project will be built in Kenosha County, Wisconsin.

"For the second time this year, we are demonstrating our commitment to a clean energy future with a major investment in renewable energy," said Tom Metcalfe, president — We Energies and WPS. "Not only will these projects maintain reliability and deliver significant savings, building these facilities in Wisconsin will create green jobs and help drive the state's economy."

The Darien and Paris projects are part of WEC Energy Group's plan to invest $2 billion in new solar, wind and battery storage projects for its utilities by 2025. These clean energy investments are an important part of the company's goal to reduce carbon emissions 55 percent by 2025 and 70 percent by 2030.

The companies filed the Darien solar and battery storage proposal this week with the Public Service Commission of Wisconsin. If approved, WEC Energy Group utilities We Energies and Wisconsin Public Service would own 90 percent of the project. Madison Gas and Electric would own the other 10 percent.

The project is being developed by Invenergy. If approved, construction is expected to begin in late 2021, and the project is scheduled to go into service by the end of 2023.

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.6 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in the Midwest.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 42,000 stockholders of record, 7,300 employees and $37 billion of assets. 

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SOURCE WEC Energy Group

FAQ

What is the Darien Solar Energy Center proposed by WEC Energy Group?

The Darien Solar Energy Center is a proposed 325-MW solar and battery storage project, costing $446 million, aimed to power 75,000 homes.

When is the construction of the Darien Solar Energy Center expected to begin?

Construction of the Darien Solar Energy Center is expected to start in late 2021.

What are WEC Energy Group's carbon emission reduction goals?

WEC Energy Group aims to reduce carbon emissions by 55% by 2025 and 70% by 2030 as part of its clean energy investments.

How much is WEC Energy Group investing in renewable projects by 2025?

WEC Energy Group plans to invest $2 billion in new solar, wind, and battery storage projects by 2025.

What is the capacity of the Darien Solar Energy Center's battery storage?

The Darien Solar Energy Center will include 75 MW of battery storage to provide energy after sunset.