ALLETE Clean Energy secures tax equity funding for its two newest wind sites

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE, sold Class A passive membership interests in Great American West Wind LLC to JPM Capital Corporation on Dec. 30, 2019, in support of the Glen Ullin Energy Center wind site in North Dakota.

The Great American West Wind LLC tax equity transaction also will generate future funding for ALLETE Clean Energy’sSouth Peak wind site in Montana, expected to begin producing energy in the next few weeks. Glen Ullin Energy Center began commercial operations in December 2019.

As reported on Dec. 10, 2019, Glen Ullin Energy Center is a 106-megawatt wind facility about 40 miles west of Bismarck in Morton and Mercer counties that delivers power to Xcel Energy customers in the Upper Midwest through a 20-year power sales agreement. It will employ about 10 people during the operation, and provide property tax and other business benefits to area communities and lease payments to landowners.

ALLETE Clean Energy’s 80-megawatt South Peak wind site in Montana will sell power to NorthWestern Energy through a 15-year power sales agreement. JPM Capital Corporation will purchase additional Class A passive membership interests when South Peak begins commercial operations.

ALLETE Clean Energy acquires, develops and operates clean and renewable energy projects. ALLETE Clean Energy currently owns and operates, in five states, approximately 661 megawatts of nameplate capacity wind energy generation 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, with nearly 400 megawatts of projects scheduled to come online in 2020.

ALLETE Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, North Dakota; and has an 8 percent equity interest in the American Transmission Co. 

List of the country updates

Country updates

  • January 24, 2020

    Hellenic Cables to supply cables for 804 MW Mayflower offshore wind project in Nantucket

    Hellenic Cables has been selected by Semco Maritime A/S to the supply of inter-array cables for the 804 MW Mayflower offshore wind project in Nantucket, developed by Mayflower Wind Energy LLC, a joint...

    Read more
  • January 24, 2020

    Imperial Irrigation District signs PPA with CTR's 49.9 MW Hell’s Kitchen geothermal project with lithium extraction at the Salton Sea

    Controlled Thermal Resources, through its wholly-owned subsidiary, Hell’s Kitchen PowerCo 1, LLC, has signed a 25-year power purchase agreement for the sale of energy from the 49.9 MW...

    Read more
  • January 24, 2020

    Development partnership on a 400 MW energy project in USA

    Capital Dynamics has entered into a development partnership with 8minute Solar Energy through the equity financing and acquisition of the breakthrough Eland Solar & Storage Center, a 400 MWac sola...

    Read more
  • January 24, 2020

    Energy Capital Partners raises US$6.8bn for Fund IV and co-investment pools

    Energy Capital Partners (ECP) has announced the closing of its flagship ECP Fund IV, with capital commitments of US$3.3 billion. ECP also raised an additional $3.5 billion for co-invest...

    Read more
  • January 23, 2020

    NV Energy requests bids for renewable energy portfolio in Nevada

    NV Energy has issued a request for proposals to add new renewable energy projects to its portfolio. This announcement comes following the approval of the Public Utilities Commission of Nevada's (PUCN)...

    Read more

Share this update