WEC Energy ( NYSE: WEC ) said Tuesday it agreed to acquire an 80% ownership interest in the Samson I Solar Energy Center in Texas for ~$250M.
Samson I is a 250 MW solar project that already is generating renewable energy under a long-term power purchase agreement with AT&T.
Samson I is part of the five-phase Samson solar portfolio, the largest solar project under construction in the U.S.; when completed, Samson is expected to total 1,300 MW.
WEC Energy ( WEC ) also has existing or planned investments in eight major wind farms, which combined with its solar projects have nearly 2 GW of capacity.
WEC Energy ( WEC ) is "an attractive name for the long term," Cash Builder Opportunities writes in an analysis published recently on Seeking Alpha .
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WEC Energy to spend $250M for 80% stake in Samson solar project