ALLETE Clean Energy’s Caddo Wind Site Begins Delivering Renewable Energy
25 Januar 2022 - 12:30PM
Business Wire
Company’s latest project generates electricity
for Fortune 500 corporate customers
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc.
(NYSE: ALE), announced today the start of commercial operations at
its Caddo Wind site in southern Oklahoma.
The output from the 303-megawatt Caddo site is contracted to
provide renewable energy to McDonald’s Corp. (NYSE: MCD), Hormel
Foods (NYSE: HRL) and Oshkosh Corporation (NYSE: OSK) through
separate renewable energy sales agreements.
“Caddo is a prime example of how ALLETE Clean Energy helps
customers achieve their climate action goals by adding renewable
energy to the nation’s power supply,” said ALLETE Clean Energy
President Allan S. Rudeck Jr. “I am proud of our team and partners
who together finalized development of Caddo and brought it to safe
and successful commercial operation during a global pandemic. Their
effort builds on our reputation for creating cost-effective
renewable solutions for customers while driving growth in the
expanding clean-energy sector.”
Caddo and ALLETE Clean Energy’s Diamond Spring Wind site, also
in Oklahoma and serving Fortune 500 companies, are the company’s
two largest wind sites at 303 megawatts each. Together, they
produce enough energy to power about 210,000 homes. Caddo also
increases the company’s total wind capacity to more than 1,300
megawatts.
“ALLETE’s sustainability in action strategy is advancing
significant, long-term solutions to address climate change for
utilities, cities, and corporate and industrial customers,” said
ALLETE Chair, President and CEO Bethany Owen. “ALLETE Clean Energy
has an exciting future as it executes its strategy to invest in and
deliver clean-energy solutions while expanding its capabilities
including wind, solar and storage to meet customers’
expectations.”
McDonald’s joined the United Nations Race to Zero campaign in
2021 and has pledged to reach net zero greenhouse gas emissions by
2050. Once all of McDonald’s transacted U.S. renewable energy
projects are online, including Caddo, the energy generated will be
equivalent to over 8,000 U.S. restaurants' worth of electricity and
is expected to contribute to a 22% reduction from the company’s
2015 baseline.
Hormel Foods, named one of America’s Most Responsible Companies
by Newsweek and one of the 100 Best Corporate Citizens by 3BL
Media, recently announced its goal to match 100% of its energy with
renewable sourcing by 2030. The Caddo wind site will help the
company achieve about 50% of its goal.
“As a leading global branded food company and unwavering
corporate citizen, Hormel Foods is committed to being an
outstanding steward of our environment, including doing our part
for the world’s climate,” said Mark Coffey, group vice president of
supply chain at Hormel Foods. “This project is a major step toward
reaching our goal and is one of many that we are undertaking as
part of our ambitious 20 by 30 Challenge agenda, in alignment with
the United Nations Sustainable Development Goals.”
Oshkosh Corporation has been named one of Fortune’s World’s Most
Admired Companies, one of America’s Most Responsible Companies by
Newsweek, one of the Top 100 Most Sustainable Companies by Barron’s
and is listed on the Dow Jones Sustainability Index. Oshkosh’s
sustainability efforts include a goal of a 25% reduction in
normalized greenhouse gas emissions at its facilities by 2024 when
compared with 2014.
“Oshkosh Corporation is proud to participate in this project,”
said Kevin Tubbs, vice president and chief ethics, compliance and
sustainability officer of Oshkosh Corporation. “In addition to
adding renewable energy to the nation’s power grid, it supports our
company’s goal of reducing our impact on climate change.”
ALLETE Clean Energy’s strategic deployment of wind turbines that
qualify for the safe harbor provision of federal production tax
credits enables Caddo’s low energy costs. In addition to turbines
installed at Caddo, ALLETE Clean Energy retains a valuable
inventory of safe harbor turbines, and is exploring additional
opportunities to put more of them to use to serve customers.
ALLETE Clean Energy acquires, develops and operates clean and
renewable energy projects and is well positioned to drive
additional clean-energy sector growth. ALLETE Clean Energy owns,
operates, has in its development pipeline, has under construction
and has delivered build-transfer projects totaling about 1,700
megawatts of nameplate renewable capacity across eight states.
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 has an eight percent 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220125005279/en/
Amy Rutledge Manager - Corporate Communications 218-723-7400
arutledge@allete.com
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