MDU Resources Acquires 49% Stake in Badger Wind Farm

Author

Slice of Energy Team
February 21, 2025

Key Highlights:

  • MDU acquires 49% ownership in the 250 MW Badger Wind Farm, securing 122.5 MW of renewable energy.

  • $294 million investment aligns with MDU's five-year capital plan and Integrated Resource Plan (IRP).

  • Regulatory approval pending from the North Dakota Public Service Commission (NDPSC).

  • MDU's renewable energy mix increases from 29% to 39%, reducing reliance on coal and gas.

  • Existing 150 MW PPA adjusted to 27.5 MW following the purchase.

Source: PR Newswire

Notable Quote:

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"This investment enhances our diversified portfolio of assets, allowing MDU to meet customer demand with a mix of generation assets that includes coal as well as wind backed by natural gas peakers to effectively serve our customers' needs."

Nicole Kivisto, President and CEO at MDU Resources

Why This Matters:

MDU Resources' investment in the Badger Wind Farm reflects a strategic shift toward cleaner energy solutions while maintaining grid reliability. By increasing renewable energy from 29% to 39%, the acquisition supports MDU's long-term sustainability goals while ensuring cost-effective power for customers. The move aligns with MDU’s Integrated Resource Plan (IRP) and strengthens its position in the evolving energy landscape. Pending regulatory approval from the NDPSC, this investment signals a commitment to balancing affordability, sustainability, and reliability in energy generation.