DTE Electric Co. completed the acquisition of the 168-MW Polaris wind farm under development in Gratiot County, Mich., from Invenergy LLC.
The installed cost of the project is $1,577/kW, according to DTE Electric's late-2019 application to the Federal Energy Regulatory Commission, which is less than the estimated $2,028/kW installed cost in the company's amended renewable energy plan as approved by the Michigan Public Service Commission.
The DTE Energy Co. subsidiary closed the acquisition March 24. FERC approved the application Feb. 28, according to a March 26 filing.
The planned project will be connected to the Midcontinent ISO balancing area via Fortis Inc. subsidiary Michigan Electric Transmission Co. LLC's transmission system. (FERC docket EC20-28)