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MDU Resources Announces Plans to Invest in Badger Wind Farm

MDU Resources Group, Inc. Has signed a purchase agreement to acquire a 49% ownership interest in Badger Wind Farm, representing 122.5 MW of the project's 250 MW generation capacity.
The purchase agreement is contingent on regulatory approval from the North Dakota Public Service Commission .
The estimated cost for MDU to purchase this stake is $294 million.
CEO Nicole Kivisto stated that this investment enhances MDU's diversified portfolio of assets, allowing it to better meet customer demand.

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Winona Daily News

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MDU Resources Announces Plans to Invest in Badger Wind Farm

BISMARCK, N.D., Feb. 14, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) is pleased to announce that its subsidiary, Montana-Dakota Utilities Co. (MDU), has signed a purchase agreement to acquire a 49% ownership interest in the Badger Wind Farm.…

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Journal Times broke the news in 9 days ago on Friday, February 14, 2025.

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