Invenergy will sell 80% ownership interest to WEC Energy for $250m in the initial 250MW phase of the 1.31GW Samson Solar Energy Center in North Texas, the largest PV project under construction in the US.
Invenergy will retain a 20% stake in Samson I which began commercial operation in May 2022. The transaction is subject to receiving all necessary regulatory approvals.
The facility has a long-term off-take agreement with mobile communications giant AT&T.
WEC Energy is an electric utility and natural gas distribution holding company based in Milwaukee, Wisconsin, serving about 4.6
