ALLETE Clean Energy acquires Diamond Spring wind project from Apex Clean Energy
ALLETE Clean Energy recently announced that it acquired the up to 303-megawatt (MW) Diamond Spring wind project located in Oklahoma from Apex Clean Energy.
The company will build, own, operate and sell wind power from the site to two large Fortune 500 companies under 15-year power sales agreements. The project will be the first ALLETE Clean Energy wind site to have contracts with corporate customers.
“ALLETE Clean Energy is honored to work with well-known and highly respected companies to advance their sustainability goals and add renewable energy to reduce their carbon footprints,” ALLETE Clean Energy President Allan S. Rudeck Jr. said. “In addition to renewable energy, these customers are seeking competitive energy costs, and the ALLETEClean Energy team is pleased to deliver clean energy supplies with a track record of timely, responsible and cost-effective project execution.”
ALLETE Clean Energy purchased a 100 percent interest in Diamond Spring from Apex Clean Energy, the project’s developer. The purchase includes two power sales agreements negotiated by Apex that total up to 228 MW and additional capacity to serve the growing corporate and industrial market.
“Corporations are taking a clear leadership position in curbing carbon emissions, and we applaud them for aggressively working to achieve their sustainability goals,” Mark Goodwin, president and CEO of Apex Clean Energy, said. “Apex is proud to partner with ALLETE at Diamond Spring Wind, one of several Apex projects this year that is expected to help leaders in the corporate, commercial, and industrial sectors meet their clean energy commitments.”
ALLETE Clean Energy will begin construction this year, and the project is expected to come online in 2020.
