ALLETE Clean Energy Advances Its Growth Strategy with Purchase of Safe Harbor Wind Turbines from GE

ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE Inc. today announced a 40-megawatt purchase of wind turbines from GE Renewable Energy. The turbines qualify for 80 percent of the Production Tax Credit (PTC) and would create more than 400 megawatts of additional qualified wind projects through 2021. This latest purchase will bring ALLETE Clean Energy’s total wind project opportunity to approximately 1,500 megawatts.

The safe harbor turbines are part of ALLETE Clean Energy’s multifaceted growth strategy that includes building and operating new wind projects based on long-term power purchase agreements, and build, own and transfer projects.

Additionally and separate of these safe harbor turbines, the company is in the midst of refurbishing some of its existing wind sites. With refurbishment efforts already underway in Minnesota and Iowa, and an expansion wind project with Montana-Dakota Utilities (MDU) in North Dakota, 2018 will be an active construction year for ALLETE Clean Energy.

“Adding to our PTC qualified inventory will ensure ALLETE Clean Energy’s continued growth and demonstrates the robust pipeline of project opportunities we are pursuing that will utilize this qualified capacity,” said Al Rudeck, president of ALLETE Clean Energy. “In working with our customers in the industry to accelerate the development of clean energy, we are finding the GE brand, reputation and breadth of offerings will bring significant value as we advance several new and exciting projects.”

Source: ALLETE Clean Energy
Date: Jan 17, 2018