Minnesota Power plans to add up to 600 MW of wind & solar

Source: By Ivan Shumkov, Renewable News • Posted: Friday, July 29, 2016

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Wind farm in US. Author: Suzlon Group. License: All Rights Reserved.

July 28 (SeeNews) – Minnesota Power, a division of US energy company Allete Inc (NYSE:ALE), intends to add roughly 600 MW of wind and solar power capacity to its fleet following a request by state regulators.

The company said on Wednesday it has released a Request for Proposals (RfP) targeting up to 300 MW of new wind power capacity. It currently has 625 MW of wind on its system. Proposals are due by September 7, 2016.

The electricity supplier plans to issue another RfP over the next several weeks, targeting up to 300 MW of utility-scale solar power capacity that qualifies under Minnesota’s Solar Energy Standard.

For both the wind and solar offers it seeks, Minnesota Power said it wants to maximise the benefits of the extended Federal Production Tax Credit (PTC) and Investment Tax Credit (ITC) on behalf of its customers.

Over the coming weeks the company will also consider customer and utility-scale demand response and onsite generation resources for optimising within its power supply portfolio, it said.

Minnesota Power pointed out that the state’s Public Utilities Commission (PUC) had asked the company to consider green power generation options last month, when reviewing its integrated resource plan. The company met the state’s Renewable Energy Standard for 2025 a decade early by reaching a 26% renewables share. The requirement was for 25%.