ALLETE Clean Energy Purchases 300-megawatt Caddo Wind Project in Oklahoma That Will Double Its Presence in the Corporate Energy Market
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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Source: Business Wire
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), has acquired the Caddo wind project in Oklahoma from Apex Clean Energy, including plans to sell energy to three Fortune 500 corporate customers.The 300-megawatt Caddo site will double ALLETE Clean Energy’s capacity to serve the accelerating corporate demand for clean energy. The project is in Caddo County in southern Oklahoma.“When the Caddo wind project comes online, we expect nearly half of our total wind capacity will be sold into the corporate market with strong, creditworthy off-takers and under long-term contracts,” said ALLETE Clean Energy President Allan S. Rudeck Jr. “Our total wind capacity also will have nearly tripled in four years. We’re honored to help corporate customers reduce their carbon footprint and reach their clean energy goals. We’re also proud to be working with Apex Clean Energy again, and we will work together to finalize development with local residents,
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