ALLETE Clean Energy to Sell Wind Power to Two Large Fortune 500 Companies
Venture includes new Oklahoma wind farm, two long-term power sales agreements
Diamond Spring will be the first ALLETE Clean Energy wind site to have contracts with corporate customers. Corporate and industrial customers represent a growing market as companies embrace sustainability goals and demonstrate to customers they are powered by clean energy.
“ALLETE Clean Energy is honored to work with well-known and highly
respected companies to advance their sustainability goals and add
renewable energy to reduce their carbon footprints,” said ALLETE Clean
Energy President
ALLETE Clean Energy purchased a 100 percent interest in the up to 303 MW Diamond Spring wind farm from the project’s developer, Apex Clean Energy. The purchase includes two power sales agreements negotiated by Apex totaling up to 228 megawatts and additional capacity to serve the growing corporate and industrial market.
“Corporations are taking a clear leadership position in curbing carbon
emissions, and we applaud them for aggressively working to achieve their
sustainability goals,” said
ALLETE Clean Energy will begin construction this year with the wind
project coming online in 2020. It will be the largest wind facility
owned by ALLETE Clean Energy, producing enough power for 114,000 homes,
and increase the company’s total wind capacity to approximately 1,000
megawatts at nine sites. The project has the support of the local
communities, where benefits include
ALLETE Clean Energy’s purchase of wind turbines that qualify for the safe harbor provision of federal production tax credits enable the project’s low energy costs. In addition to turbines to be installed at Diamond Spring, ALLETE Clean Energy retains more safe harbor turbines for additional wind site development.
“This innovative customer renewable project demonstrates that
ALLETE Clean Energy acquires, develops and operates clean and renewable energy projects. ALLETE Clean Energy currently owns and operates, in four states, approximately 556 megawatts of nameplate capacity wind energy generation that is contracted under PSAs of various durations, and has another 186 megawatts of new wind projects under construction in two additional states under long term PSA’s. 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.
The statements contained in this release and statements that
View source version on businesswire.com: https://www.businesswire.com/news/home/20190503005459/en/
Source:
Amy Rutledge
Mgr. - Corporate Communications
218-723-7400
arutledge@allete.com