ALLETE Clean Energy Announces Sale of Wisconsin Wind Site
October 29 2024 - 10:06AM
Business Wire
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc.
(NYSE: ALE), today announced the company has sold the Whitetail
wind project in southwestern Wisconsin to Invenergy, with the
intent that it be constructed and subsequently sold to WEC Energy
Group utilities We Energies and Wisconsin Public Service Corp.
(WPS) as well as Madison Gas and Electric Co. (MGE).
ALLETE Clean Energy acquired the Whitetail wind project in 2021
and developed it for sale to help companies advance their
carbon-reduction goals. The approximately 70-megawatt Whitetail
project will consist of up to 21 turbines on about 5,938 acres in
Clifton and Wingville townships in Grant County. It will produce
enough energy to power tens of thousands of homes.
“ALLETE Clean Energy developed the Whitetail wind site for sale
to deliver cost-effective clean energy to customers and to create a
more sustainable Midwest energy grid,” said Nicole Johnson, ALLETE
Clean Energy president and ALLETE vice president. “We drive the
carbon-free energy transition and our company’s growth by creating
the right solutions for our customers.”
Midwest-based Invenergy will complete development and
construction of the Whitetail wind project, as well as provide
operations and maintenance services for the life of the
project.
In 2023, ALLETE Clean Energy sold the adjacent Red Barn wind
project to WPS and MGE.
ALLETE Clean Energy acquires, develops and operates clean and
renewable energy projects. ALLETE Clean Energy currently owns and
operates, in seven states, more than 1,200 megawatts of nameplate
capacity wind energy generation that is contracted under PSAs of
various durations. ALLETE Clean Energy also engages in the
development of wind energy facilities to operate under long-term
PSAs or for sale to others upon completion.
ALLETE Inc. is an energy company headquartered in Duluth,
Minnesota. In addition to its electric utilities, Minnesota Power
and Superior Water, Light and Power of Wisconsin, ALLETE owns
ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, North
Dakota; and New Energy Equity, headquartered in Annapolis,
Maryland; and has an 8% equity interest in the American
Transmission Co. More information about ALLETE is available at
www.allete.com. ALE-CORP
The statements contained in this release and statements that
ALLETE may make orally in connection with this release that are not
historical facts, are forward-looking statements. Actual results
may differ materially from those projected in the forward-looking
statements. These forward-looking statements involve risks and
uncertainties and investors are directed to the risks discussed in
documents filed by ALLETE with the Securities and Exchange
Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241029048613/en/
Amy Rutledge Director - Corporate Communications 218-723-7400
arutledge@allete.com
Allete (NYSE:ALE)
Historical Stock Chart
From Nov 2024 to Dec 2024
Allete (NYSE:ALE)
Historical Stock Chart
From Dec 2023 to Dec 2024