MDU Resources (MDU) Group is pleased to announce that its subsidiary, Montana-Dakota Utilities Co., has signed a purchase agreement to acquire a 49% ownership interest in the Badger Wind Farm. This acquisition represents 122.5 MW of the project’s total 250 MW generation capacity. The purchase agreement is contingent on regulatory approval from the North Dakota Public Service Commission. This strategic investment is part of MDU Resources’ five-year capital expenditure plan. The estimated cost for MDU to purchase this stake is $294M.
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