On the Record · WEC Energy Group
WEC Energy Group acquisitions, on the record
The businesses WEC Energy Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Red BarnWord for word“The acquisition of a 90% ownership interest in Red Barn in April 2023 for $143.8 million.” 10-K for 2023 | acquisition | April 2023 | $143.8 million |
Sapphire SkyWord for word“The acquisition of a 90% ownership interest in Sapphire Sky in February 2023 for $442.6 million, net of cash acquired of $0.3 million.” 10-K for 2023 | acquisition | February 2023 | $442.6 million |
Samson IWord for word“In February 2023, WECI completed the acquisition of an 80 % ownership interest in Samson I, a commercially operational 250 MW solar generating facility in Lamar County, Texas, for $ 257.3 million, which includes transaction costs and is net of cash acquired.” 10-K for 2023 | acquisition | February 2023 | $ 257.3 million |
WhitewaterWord for word“In January 2023, WE and WPS completed the acquisition of Whitewater, a commercially operational 236.5 MW dual fueled (natural gas and low sulfur fuel oil) combined cycle electric generation facility in Whitewater, Wisconsin, for $ 76.0 million.” 10-K for 2023 | acquisition | January 2023 | $ 76.0 million |
West Riverside (13.8% ownership interest)Word for word“The acquisition of a 13.8% ownership interest in West Riverside in June 2023 for $95.3 million.” 10-K for 2023 | acquisition | June 2023 | $95.3 million |
Samson I (additional 10% ownership interest)Word for word“In January 2024, WECI acquired an additional 10 % ownership interest in Samson I for $ 28.1 million.” 10-K for 2023 | acquisition | January 2024 | $ 28.1 million |
Maple FlatsWord for word“In October 2022, WECI signed an agreement to acquire an 80 % ownership interest in Maple Flats, a 250 MW solar generating facility under construction in Clay County, Illinois, for approximately $ 360 million.” 10-K for 2023 | agreed acquisition | October 2022 | approximately $ 360 million |
approximately 192 acres of real estate at WE's former Pleasant Prairie power plant siteWord for word“In June 2023, we sold approximately 192 acres of real estate at WE's former Pleasant Prairie power plant site that was no longer being utilized in its operations, for $ 23.0 million, which is net of closing costs.” 10-K for 2023 | divestiture | June 2023 | $ 23.0 million |
Hardin IIIWord for word“In February 2025, WECI completed the acquisition of a 90 % ownership interest in Hardin III, a 250 MW solar generating facility located in Hardin County, Ohio for approximately $ 405.9 million.” 10-K for 2024 | acquisition | February 2025 | approximately $ 405.9 million |
Delilah IWord for word“In December 2024, WECI completed the acquisition of a 90 % ownership interest in Delilah I, a 300 MW solar generating facility in Lamar, Franklin, Hopkins, and Red River counties in Texas.” 10-K for 2024 | acquisition | December 2024 | — |
West RiversideWord for word“In May 2024, WE completed the acquisition of an add itional 100 MWs o f West Riverside's nameplate capacity, in the second of two option exercises.” 10-K for 2024 | acquisition | May 2024 | — |
ThunderheadWord for word“Acquisition of Thunderhead, net of cash acquired of $ 0.5 — — ( 382.0 )” 10-K for 2024 | acquisition | — | — |
WhitetailWord for word“In December 2025, WE and WPS, along with an unaffiliated utility, signed an agreement to acquire Whitetail, a wind-powered electric generation project with a total capacity of 67.2 MW.” 10-K for 2025 | agreed acquisition | December 2025 | — |
West Riverside (additional 100 MWs)Word for word“In May 2024, WE completed the acquisition of an additional 100 MWs of West Riverside's nameplate capacity for $ 97.9 million.” 10-K for 2025 | acquisition | May 2024 | $ 97.9 million |
West Riverside (first 100 MWs)Word for word“In June 2023, WE completed the first acquisition of 100 MWs for $ 95.3 million.” 10-K for 2025 | acquisition | June 2023 | $ 95.3 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | $0 |
| 2017-12-31 | $226 million | $7.3 million |
| 2018-12-31 | $0 | $0 |
| 2019-12-31 | $0 | — |
| 2020-12-31 | $364.6 million | — |
| 2021-12-31 | $0 | — |
Deal filings since 2016
Read from WEC Energy Group’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.