ALLETE Clean Energy Announces Sale of Wisconsin Wind Site
ALLETE Clean Energy, a subsidiary of ALLETE, Inc. (NYSE: ALE), has sold its Whitetail wind project in Wisconsin to Invenergy. The project will ultimately be owned by WEC Energy Group utilities and Madison Gas and Electric Co. The approximately 70-megawatt project, spanning 5,938 acres in Grant County, will feature up to 21 turbines capable of powering tens of thousands of homes. Invenergy will handle development, construction, and long-term operations. This follows ALLETE Clean Energy's 2023 sale of the adjacent Red Barn wind project. The company currently operates over 1,200 megawatts of wind energy generation across seven states.
ALLETE Clean Energy, una sussidiaria di ALLETE, Inc. (NYSE: ALE), ha venduto il suo progetto eolico Whitetail nel Wisconsin a Invenergy. Il progetto sarà infine di proprietà delle utility WEC Energy Group e Madison Gas and Electric Co. Il progetto, con una potenza di circa 70 megawatt, si estende su 5.938 acri nella contea di Grant e presenterà fino a 21 turbine in grado di alimentare decine di migliaia di abitazioni. Invenergy si occuperà dello sviluppo, della costruzione e delle operazioni a lungo termine. Questo segue la vendita nel 2023 da parte di ALLETE Clean Energy del progetto eolico Red Barn adiacente. L'azienda attualmente gestisce oltre 1.200 megawatt di produzione di energia eolica in sette stati.
ALLETE Clean Energy, una subsidiaria de ALLETE, Inc. (NYSE: ALE), ha vendido su proyecto eólico Whitetail en Wisconsin a Invenergy. El proyecto será finalmente propiedad de las utilidades WEC Energy Group y Madison Gas and Electric Co. El proyecto, de aproximadamente 70 megavatios, abarca 5,938 acres en el condado de Grant y contará con hasta 21 turbinas capaces de suministrar energía a decenas de miles de hogares. Invenergy se encargará del desarrollo, la construcción y las operaciones a largo plazo. Esto sigue a la venta en 2023 de ALLETE Clean Energy del proyecto eólico Red Barn adyacente. Actualmente, la empresa opera más de 1,200 megavatios de generación de energía eólica en siete estados.
ALLETE Clean Energy는 ALLETE, Inc. (NYSE: ALE)의 자회사로서 위스콘신에 있는 화이트테일 풍력 프로젝트를 Invenergy에 판매했습니다. 이 프로젝트는 최종적으로 WEC Energy Group 유틸리티와 Madison Gas and Electric Co.의 소유가 될 것입니다. 약 70메가와트 규모의 이 프로젝트는 Grant 카운티의 5,938에이커에 걸쳐 있으며, 수십만 가구에 전력을 공급할 수 있는 최대 21개의 터빈을 갖출 예정입니다. Invenergy는 개발, 건설 및 장기 운영을 담당할 것입니다. 이는 ALLETE Clean Energy가 2023년에 인접한 Red Barn 풍력 프로젝트를 판매한 이후의 일입니다. 회사는 현재 7개 주에서 1,200메가와트 이상의 풍력 에너지 생산을 운영하고 있습니다.
ALLETE Clean Energy, une filiale de ALLETE, Inc. (NYSE: ALE), a vendu son projet éolien Whitetail dans le Wisconsin à Invenergy. Le projet sera finalement la propriété des services publics de WEC Energy Group et de Madison Gas and Electric Co. Le projet d'environ 70 mégawatts, s'étendant sur 5 938 acres dans le comté de Grant, comportera jusqu'à 21 éoliennes capables d'alimenter des dizaines de milliers de foyers. Invenergy s'occupera du développement, de la construction et des opérations à long terme. Cela fait suite à la vente par ALLETE Clean Energy en 2023 du projet éolien adjacent, Red Barn. L'entreprise exploite actuellement plus de 1 200 mégawatts de production d'énergie éolienne dans sept États.
ALLETE Clean Energy, eine Tochtergesellschaft von ALLETE, Inc. (NYSE: ALE), hat ihr Whitetail-Windprojekt in Wisconsin an Invenergy verkauft. Das Projekt wird letztendlich im Besitz von WEC Energy Group Utilities und Madison Gas and Electric Co. sein. Das etwa 70 Megawatt Projekt erstreckt sich über 5.938 Acres im Grant County und wird bis zu 21 Turbinen umfassen, die in der Lage sind, Zehntausende von Haushalten mit Strom zu versorgen. Invenergy wird die Entwicklung, den Bau und den langfristigen Betrieb übernehmen. Dies folgt auf den Verkauf des angrenzenden Red Barn-Windprojekts durch ALLETE Clean Energy im Jahr 2023. Das Unternehmen betreibt derzeit über 1.200 Megawatt an Windenergieerzeugung in sieben Bundesstaaten.
- Strategic asset sale of Whitetail wind project advancing company's development-for-sale business model
- Project adds to track record following successful Red Barn wind project sale in 2023
- Company maintains strong operational portfolio of 1,200+ MW wind generation across seven states
- None.
Insights
The sale of the Whitetail wind project represents a strategic move in ALLETE Clean Energy's asset monetization strategy. The 70-megawatt project's sale to Invenergy, with subsequent transfer to major utilities including WEC Energy Group, demonstrates strong demand for renewable energy assets in the Midwest market. This transaction follows ALLETE's successful pattern, similar to their Red Barn wind project sale in 2023, of developing and selling wind assets to established utilities.
The deal strengthens ALLETE's position in the renewable energy development space while providing immediate capital returns. This build-transfer model allows ALLETE to efficiently monetize its development pipeline without long-term operational commitments. With over 1,200 megawatts of existing wind capacity across seven states, this transaction reinforces ALLETE's strategy of balancing owned operations with development-for-sale projects to optimize returns and manage risk.
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
“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
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
Director - Corporate Communications
218-723-7400
arutledge@allete.com
Source: ALLETE, Inc.
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