Second 2017 shipment of ALLETE Clean Energy turbine parts arrives

Wednesday, May 17, 2017

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The second of three shipments of ALLETE Clean Energy’s Nordex wind turbine components has arrived in Duluth.

The vessel Muntgracht carried six nacelles, six hubs, six drive trains and six sets of blades delivered from Rostock, Germany. The shipment is part of ALLETE Clean Energy’s $100 million investment in wind turbines that qualify for the federal tax credit “safe harbor” provision, meaning sites where a portion of them are used will qualify for renewable energy production tax credits.

The safe harbor turbines allow ALLETE Clean Energy to pursue its three-pronged tax credit strategy that includes building and operating new wind farms based on long-term power purchase agreements, building wind farms for other companies for a development fee or a sale price, and refurbishing its existing wind farms while extending power sales agreements, the company said in a news release.

To read more, visit: BusinessNorth

Category: Investors




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