WEC Energy Group, Inc. WEC Shares traded larger after the corporate signed an settlement to amass a 90% possession curiosity within the Delilah I Solar Energy Center for $459 million.
Delilah I is a 300-megawatt challenge positioned about 140 miles northeast of Dallas, Texas, and industrial operation is anticipated to start on the finish of June.
Delilah I is a part of the five-phase Samson & Delilah photo voltaic portfolio and is among the largest photo voltaic services below development within the US
WEC Energy Group has a majority stake in Samson I, which is a separate a part of the Samson & Delilah challenge.
Gale Klappa, govt chairman, mentioned, “The Delilah Solar challenge is an thrilling addition to our Infrastructure enterprise and underscores our continued funding in inexpensive, dependable and clear power. This challenge will assist one of many largest the world’s automakers to satisfy their clear power targets within the coming years.
The firm plans to launch its first quarter FY24 earnings on May 1.
Investors can acquire publicity to the inventory via Invesco Dorsey Wright Utilities Momentum ETF PeRuXa and First Trust EIP Carbon Impact ETF ECLN.
Price Action: WEC shares had been up 1.41% at $82.64 finally test on Monday.
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