ALLETE, Inc. (ALE) Tops Q4 EPS by 15c, Revenues Beat
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ALLETE, Inc. (ALE) to Sell Repowered Wind Site to Xcel Energy (XEL)
February 16, 2021 6:34 AM ESTALLETE Clean Energy, a wholly owned subsidiary of ALLETE Inc. (NYSE: ALE), will repower and expand the Northern Wind site, consisting of the Chanarambie and Viking wind projects in southwest Minnesota, by replacing the existing turbines with new, more efficient equipment. When repowered in 2022, the project, totaling 120 megawatts of capacity, will be sold to Xcel Energy.
The wind repowering project was spurred by the Minnesota Public Utilities Commissions request for projects that could help the economy recover from the COVID-19 pandemic and recession by putting people to work and increasing the... More
