Oklahoma-based 303 MW Project Purchased by ALLETE Clean Energy
CHARLOTTESVILLE, Va.–(BUSINESS WIRE)–Apex Clean Energy today announced the sale of Diamond Spring Wind to
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE).
The transaction includes 15-year power purchase agreements that Apex
negotiated with two Fortune 500 companies (to be announced at a later
date).
The success of Diamond Spring Wind, a 303 MW project located in
Oklahoma’s Johnston and Pontotoc Counties, demonstrates the growing
commercial and industrial (C&I) demand for clean energy solutions. The
executed power purchase agreements represent up to 228 MW, with the
remaining project capacity also anticipated to serve the C&I market.
“Corporations are taking a clear leadership position in curbing carbon
emissions, and we applaud them for aggressively working to achieve their
sustainability goals,” said Mark Goodwin, president and CEO of Apex
Clean Energy. “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 commercial and industrial sectors meet their clean energy
commitments.”
Diamond Spring Wind will be the largest wind facility owned by ALLETE
Clean Energy and will increase the company’s total wind energy portfolio
to approximately 1,000 MW.
“Serving the corporate and industrial market opens new opportunities for
ALLETE Clean Energy,” said ALLETE Clean Energy President Allan S.
Rudeck, Jr. “The southern Oklahoma location is strategic in that it
provides a new beach-head in the highly attractive Southwest Power Pool
where significant potential exists for serving new customers in the
utility and corporate and industrial segments. We are pleased to be
working with Apex Clean Energy to bring Diamond Spring to market.”
ALLETE Clean Energy will begin construction on Diamond Spring Wind this
year, and the project will enter commercial operations in 2020. Diamond
Spring Wind is expected to contribute more than $48 million in tax
revenue to the local communities and more than $54 million in lease
payments to landowners.
About Apex Clean Energy
Apex Clean Energy develops, constructs, and operates utility-scale wind
and solar power facilities across North America. Our mission-driven team
of more than 200 renewable energy experts uses a data-focused approach
and an unrivaled portfolio of projects to create solutions for the
world’s most innovative and forward-thinking customers. For more
information on how Apex is leading the transition to a clean energy
future, visit www.apexcleanenergy.com.
About ALLETE Clean Energy
ALLETE Clean Energy acquires, develops and operates clean and renewable
energy projects. ALLETE Clean Energy currently owns and operates, in
four states, approximately 545 megawatts of nameplate capacity wind
energy generation that is 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.
Contacts
Cat Strumlauf
Apex Clean Energy
Manager | Corporate
Communications
(434) 227-4196
[email protected]
