ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc.
(NYSE: ALE), announced today renewable energy sale agreements with
the Oshkosh Corporation and Hormel Foods for a combined 100
megawatts from its Caddo wind site under construction in
Oklahoma.
The 303-megawatt Caddo site, with renewable energy sale
agreements with three investment-grade Fortune 500 customers, will
double ALLETE Clean Energy’s capacity to serve the accelerating
corporate demand for clean energy. The project is in Caddo County
in southern Oklahoma.
“We’re proud to work with two leading Upper Midwest corporations
to help them achieve their sustainability goals with Caddo’s
renewable energy,” said ALLETE Clean Energy President Allan S.
Rudeck Jr. “Projects like Caddo help diversify and decarbonize the
nation’s energy supply while strengthening local economies. We are
grateful for our partnerships with landowners, communities and
lawmakers, who have together created a business environment in
Oklahoma that encourages and enables 21st century energy
infrastructure investment.”
The project has the support of local communities, where benefits
include more than $50 million in tax revenue, $54 million in
payments to landowners, and the creation of about 200 jobs during
construction and 12 to 15 long-term operations jobs.
Global innovator Oshkosh Corporation has been named one of
FORTUNE’s World’s Most Admired Companies, one of America’s Most
Responsible Companies by Newsweek, one of the Top 100 Most
Sustainable Companies by Barron’s and is listed on the Dow Jones
Sustainability Index. Oshkosh Corporation’s sustainability efforts
are focused into four core areas including empowering people,
building communities, innovation and creating a sustainable future.
Specifically around waste and emission reduction, Oshkosh has a
goal of a 25% reduction in normalized greenhouse gas emissions at
its facilities by 2024 when compared with 2014.
“At Oshkosh Corporation, we are committed to sustainable
operations, caring for our communities and practicing strong
corporate governance,” said Kevin Tubbs, Oshkosh Corporation vice
president and chief ethics, compliance and sustainability officer.
“Involvement in projects such as the Caddo wind site is one of many
ways that we continue to further our sustainability goals.”
Hormel Foods, named one of America’s Most Responsible Companies
by Newsweek and one of the 100 Best Corporate Citizens by 3BL
Media, recently announced its goal to match 100% of its energy with
renewable sourcing by 2030. The Caddo wind site will help the
company achieve around 50% of its goal when the project is
completed.
“This project is a great addition to our clean energy
portfolio,” said Tom Raymond, director of environmental
sustainability for Hormel Foods. “Using renewable sources like wind
not only helps the environment, but it makes long-term financial
sense, supports local communities and demonstrates that we are
committed to being good stewards to the planet.”
Caddo’s approximately 110 turbines will produce enough energy to
power the equivalent of about 110,000 homes, and increases ALLETE
Clean Energy’s total operating, under construction and
build-transfer wind energy projects to more than 1,450 megawatts of
nameplate capacity. The company’s recent growth has come through
serving new commercial and industrial customers through the Diamond
Spring and Caddo projects in Oklahoma. ALLETE Clean Energy
purchased both sites from Apex Clean Energy and, as at Diamond
Spring, the two companies will work together to finalize
development and construction of Caddo.
“ALLETE’s strategy of sustainability in action is powered by
clean energy projects such as Caddo,” said ALLETE President and
Chief Executive Officer Bethany Owen. “ALLETE Clean Energy is
increasingly seen as a trusted partner as it brings more renewable
energy online to help corporations meet their commitments to
sustainability.”
The Caddo site is expected to be operational by the end of 2021
and qualify for the safe harbor provision of federal renewable
energy production tax credits. ALLETE Clean Energy continues to own
an inventory of safe harbor turbines and is exploring additional
opportunities to put more of them to use to serve customers.
ALLETE Clean Energy acquires, develops and operates clean and
renewable energy projects. ALLETE Clean Energy owns, operates, has
in advanced construction and has delivered build-transfer projects
totaling more than 1,450 megawatts of nameplate wind capacity
across seven states.
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% equity interest in the American Transmission
Co. More information about ALLETE is available at www.allete.com.
ALE-CORP
The statements contained in this release and statements that
ALLETE may make orally in connection with this release that are not
historical facts, are forward-looking statements. Actual results
may differ materially from those projected in the forward-looking
statements. These forward-looking statements involve risks and
uncertainties and investors are directed to the risks discussed in
documents filed by ALLETE with the Securities and Exchange
Commission.
ABOUT HORMEL FOODS — Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minn., is a global
branded food company with over $9 billion in annual revenue across
more than 80 countries worldwide. Its brands include SKIPPY®,
SPAM®, Hormel® Natural Choice®, Applegate®, Justin’s®, Wholly®,
Hormel® Black Label®, Columbus® and more than 30 other beloved
brands. The company is a member of the S&P 500 Index and the
S&P 500 Dividend Aristocrats, was named on the “Global 2000
World’s Best Employers” list by Forbes magazine for three straight
years, is one of Fortune magazine’s most admired companies, has
appeared on Corporate Responsibility Magazine’s “The 100 Best
Corporate Citizens” list for the 12th year in a row, and has
received numerous other awards and accolades for its corporate
responsibility and community service efforts. The company lives by
its purpose statement — Inspired People. Inspired Food.™ — to bring
some of the world’s most trusted and iconic brands to tables across
the globe. For more information, visit www.hormelfoods.com and
http://csr.hormelfoods.com/.
ABOUT OSHKOSH CORPORATION
At Oshkosh (NYSE: OSK), we make innovative, mission-critical
equipment to help everyday heroes advance communities around the
world. Headquartered in Wisconsin, Oshkosh Corporation employs more
than 14,000 team members worldwide, all united behind a common
cause: to make a difference in people’s lives. Oshkosh products can
be found in more than 150 countries under the brands of JLG®,
Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™,
Oshkosh® Airport Products and London™. For more information, visit
oshkoshcorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210210005116/en/
Amy Rutledge Manager - Corporate Communications 218-723-7400
arutledge@allete.com
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