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Released April 07, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--ALLETE Incorporated (NYSE:ALE) (Duluth, Minnesota) has increased its five-year capital-spending program and now plans to invest about $3.3 billion through 2027 for transmission and distribution (T&D) and clean-energy initiatives, the company said in February as part of its full-year 2022 earnings results. However, despite the investment, the company's clean-energy division recently sold a Wisconsin wind project to two local utilities.
One of those projects, the 91.6-megawatt (MW) $110 million Red Barn wind farm in Lancaster, Wisconsin, began commercial operation this week. But as part of a prior agreement, ALLETE Clean Energy has sold the facility to Wisconsin Public Service Corporation (WPS) (Green Bay, Wisconsin) and Madison Gas and Electric Company (MGE) (Madison, Wisconsin) now that the plant is operational. Both utilities aim to reduce carbon emissions from their electric generation by 80% by the end of 2030. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a detailed report on the Red Barn project.
"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, president of ALLETE Clean Energy and vice president of ALLETE, in a press release. "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."
That sentiment is in line with the company's decision to increase its five-year capital-spending program, from 2023 through 2027, for transmission and clean-energy projects by nearly $600 million (to about $3.3 billion). The increase was buoyed by the approval of ALLETE's Minnesota subsidiary's Integrated Resource Plan (IRP) by the state's Public Utilities Commission. Minnesota Power, ALLETE's largest subsidiary, plans to add up to 400 MW of wind and 300 MW of solar capacity through 2030.
Industrial Info is tracking three small-scale solar projects in Minnesota that wrapped up in January: the $17 million Sylvan Solar Plant in Pillager, with 10 MW of solar-generation capacity; the $16 million Laskin Solar Plant in Aurora, with 9.6 MW; and a $5 million solar facility in Duluth, with 1.6 MW.
ALLETE is overhauling the Chanarambie Windfarm in Lake Wilson, Minnesota, which entails replacing 57 aging turbines from General Electric (NYSE:GE) (Boston, Massachusetts) to increase the windfarm's output to 112.5 MW from the existing 85.5 MW. Completion is expected in September. Subscribers can click here for the project report.
In terms of transmission projects, the Duluth Reliability Loop Project in Minnesota plans to expand four substations and add a new transmission line in the Duluth area. The project is in the permitting stage, and Minnesota Power expects the state's Public Utilities Commission will issue a permitting decision this spring.
The new Ridgeview-Hilltop transmission line project entails constructing 14 miles of overhead, single-circuit 115-kilovolt (kV) line that will run from the existing Ridgeview Substation to the existing Hilltop Substation. Minnesota Power plans to expand the Ridgeview Substation by acquiring an additional 3.6 acres to accommodate a new transmission line entrance as well as adding a new capacitor bank, among other work; the Hilltop expansion includes installing a new transformer, among other work. The company also is expanding its Arrowhead Substation and Haines Road Substation. Click here to see related project reports.
Subscribers to Industrial Info's GMI project and plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a list of active projects from ALLETE.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
One of those projects, the 91.6-megawatt (MW) $110 million Red Barn wind farm in Lancaster, Wisconsin, began commercial operation this week. But as part of a prior agreement, ALLETE Clean Energy has sold the facility to Wisconsin Public Service Corporation (WPS) (Green Bay, Wisconsin) and Madison Gas and Electric Company (MGE) (Madison, Wisconsin) now that the plant is operational. Both utilities aim to reduce carbon emissions from their electric generation by 80% by the end of 2030. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a detailed report on the Red Barn project.
"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, president of ALLETE Clean Energy and vice president of ALLETE, in a press release. "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."
That sentiment is in line with the company's decision to increase its five-year capital-spending program, from 2023 through 2027, for transmission and clean-energy projects by nearly $600 million (to about $3.3 billion). The increase was buoyed by the approval of ALLETE's Minnesota subsidiary's Integrated Resource Plan (IRP) by the state's Public Utilities Commission. Minnesota Power, ALLETE's largest subsidiary, plans to add up to 400 MW of wind and 300 MW of solar capacity through 2030.
Industrial Info is tracking three small-scale solar projects in Minnesota that wrapped up in January: the $17 million Sylvan Solar Plant in Pillager, with 10 MW of solar-generation capacity; the $16 million Laskin Solar Plant in Aurora, with 9.6 MW; and a $5 million solar facility in Duluth, with 1.6 MW.
ALLETE is overhauling the Chanarambie Windfarm in Lake Wilson, Minnesota, which entails replacing 57 aging turbines from General Electric (NYSE:GE) (Boston, Massachusetts) to increase the windfarm's output to 112.5 MW from the existing 85.5 MW. Completion is expected in September. Subscribers can click here for the project report.
In terms of transmission projects, the Duluth Reliability Loop Project in Minnesota plans to expand four substations and add a new transmission line in the Duluth area. The project is in the permitting stage, and Minnesota Power expects the state's Public Utilities Commission will issue a permitting decision this spring.
The new Ridgeview-Hilltop transmission line project entails constructing 14 miles of overhead, single-circuit 115-kilovolt (kV) line that will run from the existing Ridgeview Substation to the existing Hilltop Substation. Minnesota Power plans to expand the Ridgeview Substation by acquiring an additional 3.6 acres to accommodate a new transmission line entrance as well as adding a new capacitor bank, among other work; the Hilltop expansion includes installing a new transformer, among other work. The company also is expanding its Arrowhead Substation and Haines Road Substation. Click here to see related project reports.
Subscribers to Industrial Info's GMI project and plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a list of active projects from ALLETE.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
