ALLETE Clean Energy's Diamond Spring Wind Project Will Provide Renewable Energy to Large Corporate Customers Including Smithfield Foods and Walmart
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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Source: Business Wire
DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today a power sales agreement with Smithfield Foods, Inc. for the remaining output of the Diamond Spring wind site ALLETE Clean Energy will build, own and operate in Oklahoma. The Smithfield agreement follows an earlier announcement of power sale agreements with two large Fortune 500 companies, Walmart and Starbucks. Walmart has agreed to purchase 175 megawatts for 15 years, Smithfield will purchase 75 megawatts for 12 years, and Starbucks will purchase 50 megawatts for 15 years. The approximately 300-megawatt Diamond Spring site, which is ALLETE Clean Energy’s first project to sell wind power to corporate customers, is now fully contracted with the Smithfield agreement. “ALLETE Clean Energy is proud to help these leading companies meet their greenhouse gas reduction and renewable ener
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