ALLETE Clean Energy closes on sale of Wisconsin wind project to WPS and MGE
05 April 2023 - 1:00PM
Business Wire
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc.
(NYSE: ALE), today announced the company has closed on the sale of
the Red Barn project to WEC Energy Group utility Wisconsin Public
Service Corp. (WPS) and Madison Gas and Electric Co. (MGE). The
wind project also began commercial operation this week.
ALLETE Clean Energy acquired the Red Barn wind project two years
ago—the company’s first project in Wisconsin—and developed it for
sale to WPS and MGE to help the two utilities advance their
carbon-reduction goals. The 91.6-megawatt Red Barn wind project
consists of 28 turbines on about 8,900 acres in Grant County in
southwestern Wisconsin. It can produce enough energy to power about
50,000 homes.
“Red Barn is a great example of how ALLETE Clean Energy is
delivering cost-effective clean-energy solutions for a more
sustainable grid,” said Nicole Johnson, ALLETE Clean Energy
president and ALLETE vice president. “We continue to build on our
track record for creating smart solutions for customers while
expanding our capabilities to meet their needs and driving
growth.”
ALLETE Clean Energy owns, operates, has in advanced construction
and has delivered build-transfer projects totaling more than 1,500
megawatts of nameplate wind capacity across eight states. The
company is well-positioned to drive additional clean-energy sector
growth.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230405005281/en/
Amy Rutledge Director - Corporate Communications
ALLETE/Minnesota Power 218-723-7400 arutledge@allete.com
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