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Stock impact report

MGE Receives Approval for Large-Scale Solar Project

MGE Energy Inc. (MGEE) 
US:NASDAQ Investor Relations: mgeenergy.com
Company Research Source: Business Wire
MGE adds to initial purchase of solar energy from Badger Hollow project in Iowa County. MADISON, Wis.--(BUSINESS WIRE)--Madison Gas and Electric (MGE) today received preliminary approval from the Public Service Commission of Wisconsin to move ahead with plans to own an additional 50 megawatts (MW) of the Badger Hollow Solar Farm, known as Badger Hollow II."The addition of this cost-effective, locally generated solar energy for all customers will build on the progress we've already made toward our goal of net-zero carbon electricity by 2050," said Jeff Keebler, MGE Chairman, President and CEO. "It also will help MGE manage long-term costs for our customers as we continue to grow our use of renewable energy and drive carbon out of our energy supply mix."Badger Hollow Solar FarmIn 2019, MGE received regulatory approval to own 50 MW of the initial phase of the Badger Hollow Solar Farm. Construction of the project is underway.Badger Hollow is located in southwestern Wisconsin, in Iowa C Show less Read more
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