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Released November 17, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--ALLETE Incorporated (NYSE:ALE) (Duluth, Minnesota) updated its five-year capital-spending (capex) program to invest nearly $2.7 billion through 2027 on clean-energy and transmission & distribution (T&D) initiatives. Minnesota Power, its largest subsidiary, plans to add up to 400 megawatts (MW) of wind and 300 MW of solar capacity through 2030, and ALLETE is upping its participation in a major regional T&D buildout. Industrial Info is tracking more than $2.3 billion worth of active projects from ALLETE.
Click on the image at right for a graph detailing ALLETE's active projects, by project type.
Last week, Minnesota Power reached an agreement with a broad coalition of stakeholder groups on its integrated resource plan (IRP). If approved by the Minnesota Public Utilities Commission (MPUC), the plan would significantly increase Minnesota Power's renewable output over the next 15 years, including its near-term proposals for solar and wind additions, according to ALLETE. The 400 and 300 MW of wind and solar, respectively, represent a near-doubling of the amount the subsidiary proposed in its initial IRP filing in early 2021.
During the third quarter, ALLETE began construction on a trio of small-scale solar projects across Minnesota, all of which are in their final commissioning phase and are expected to wrap up toward the end of the year: the $17 million Sylvan Solar Plant in Pillager, with 10 MW of 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.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on the Sylvan, Laskin and Duluth projects.
ALLETE's clean-energy division also notched up progress on the overhaul of its Chanarambie and Viking windfarms in Lake Wilson, Minnesota, both of which are part of its Northern Wind facility. The repowerings are expected replace aging turbines to increase output from the Chanarambie and Viking windfarms to 112.5 and 20 MW, respectively, from the existing 85.5 and 12 MW. Both the new and replaced turbines are provided by General Electric (NYSE:GE) (Boston, Massachusetts).
The Northern Wind facility repowerings are expected to be completed by the end of this year. Subscribers can learn more from Industrial Info's detailed reports on the Chanarambie and Viking projects.
In August, Northern States Power Company, a subsidiary of Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis), asked the Federal Energy Regulatory Commission (FERC) for clearance to purchase both parts of the Northern Wind facility from ALLETE. The MPUC approved the deal in mid-2021, although inflation, supply-chain problems and other factors since have pushed the purchase price from $210 million to $216 million. The FERC application is pending.
Early this year, Wisconsin state regulators approved another ALLETE subsidiary's purchase of the Red Barn Windfarm project in Lancaster, Wisconsin, from PRC Wind (Minneapolis, Minnesota). Designed to generate 91.6 MW from 19 wind turbines, the windfarm will be sold, upon the project's completion, to Wisconsin Public Service Corporation (Green Bay, Wisconsin) and Madison Gas and Electric Company (Madison, Wisconsin) to advance their net-zero carbon goals. Subscribers can learn more from Industrial Info's project report.
"In addition to renewable generation, a key part of this capex plan is significant transmission investments to support reliability throughout our region," said Bethany Owen, the chief executive officer of ALLETE, in a recent quarterly earnings-related conference call. "These investments include expanding and modernizing Minnesota Power's existing, 550-megawatt HVDC transmission line and investment in MISO's long range transmission plan tranche one projects."
Minnesota Power, in conjunction with Great River Energy (Maple Grove, Minnesota), recently announced plans to build a transmission line from northern to central Minnesota. The 150-mile project is part of the Midcontinent Independent System Operator's (MISO) Tranche 1 program, a multi-phase approach to modernizing and ensuring transmission and distribution across the northcentral U.S.
The proposed transmission line is in its early study phase. As currently envisioned, it would run from Minnesota Power's Iron Range Substation in Itasca County, to Great River Energy's substation in Benton County, then to a new substation in Sherburne County. The project likely would not begin construction until the end of the coming five-year investment period, at the earliest; a notice of intent was filed with the MPUC on August 1. Subscribers can learn more from Industrial Info's detailed project report.
Subscribers to Industrial Info's GMI Project Database 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 full list of reports on active ALLETE projects.
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) platform 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 more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing ALLETE's active projects, by project type.Last week, Minnesota Power reached an agreement with a broad coalition of stakeholder groups on its integrated resource plan (IRP). If approved by the Minnesota Public Utilities Commission (MPUC), the plan would significantly increase Minnesota Power's renewable output over the next 15 years, including its near-term proposals for solar and wind additions, according to ALLETE. The 400 and 300 MW of wind and solar, respectively, represent a near-doubling of the amount the subsidiary proposed in its initial IRP filing in early 2021.
During the third quarter, ALLETE began construction on a trio of small-scale solar projects across Minnesota, all of which are in their final commissioning phase and are expected to wrap up toward the end of the year: the $17 million Sylvan Solar Plant in Pillager, with 10 MW of 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.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on the Sylvan, Laskin and Duluth projects.
ALLETE's clean-energy division also notched up progress on the overhaul of its Chanarambie and Viking windfarms in Lake Wilson, Minnesota, both of which are part of its Northern Wind facility. The repowerings are expected replace aging turbines to increase output from the Chanarambie and Viking windfarms to 112.5 and 20 MW, respectively, from the existing 85.5 and 12 MW. Both the new and replaced turbines are provided by General Electric (NYSE:GE) (Boston, Massachusetts).
The Northern Wind facility repowerings are expected to be completed by the end of this year. Subscribers can learn more from Industrial Info's detailed reports on the Chanarambie and Viking projects.
In August, Northern States Power Company, a subsidiary of Xcel Energy Incorporated (NASDAQ:XEL) (Minneapolis), asked the Federal Energy Regulatory Commission (FERC) for clearance to purchase both parts of the Northern Wind facility from ALLETE. The MPUC approved the deal in mid-2021, although inflation, supply-chain problems and other factors since have pushed the purchase price from $210 million to $216 million. The FERC application is pending.
Early this year, Wisconsin state regulators approved another ALLETE subsidiary's purchase of the Red Barn Windfarm project in Lancaster, Wisconsin, from PRC Wind (Minneapolis, Minnesota). Designed to generate 91.6 MW from 19 wind turbines, the windfarm will be sold, upon the project's completion, to Wisconsin Public Service Corporation (Green Bay, Wisconsin) and Madison Gas and Electric Company (Madison, Wisconsin) to advance their net-zero carbon goals. Subscribers can learn more from Industrial Info's project report.
"In addition to renewable generation, a key part of this capex plan is significant transmission investments to support reliability throughout our region," said Bethany Owen, the chief executive officer of ALLETE, in a recent quarterly earnings-related conference call. "These investments include expanding and modernizing Minnesota Power's existing, 550-megawatt HVDC transmission line and investment in MISO's long range transmission plan tranche one projects."
Minnesota Power, in conjunction with Great River Energy (Maple Grove, Minnesota), recently announced plans to build a transmission line from northern to central Minnesota. The 150-mile project is part of the Midcontinent Independent System Operator's (MISO) Tranche 1 program, a multi-phase approach to modernizing and ensuring transmission and distribution across the northcentral U.S.
The proposed transmission line is in its early study phase. As currently envisioned, it would run from Minnesota Power's Iron Range Substation in Itasca County, to Great River Energy's substation in Benton County, then to a new substation in Sherburne County. The project likely would not begin construction until the end of the coming five-year investment period, at the earliest; a notice of intent was filed with the MPUC on August 1. Subscribers can learn more from Industrial Info's detailed project report.
Subscribers to Industrial Info's GMI Project Database 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 full list of reports on active ALLETE projects.
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) platform 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 more than 200,000 current and future projects worth $17.8 trillion (USD).
