Friday, November 22, 2024

Minnesota Power Advances Clean-Energy Future by Increasing Targets for Renewable Energy Resources

Minnesota Power, a utility division of ALLETE Inc., announced it is advancing its EnergyForward plan by significantly increasing the amount of renewable energy it provides over the next 15 years, based on an agreement reached with stakeholder groups, including clean energy organizations, labor and host communities.

“We are pleased that we could work with these stakeholders to reach an agreement that allows us to continue on our path to a carbon-free supply while also protecting safe and reliable energy at competitive rates.”

In a letter filed today with the Minnesota Public Utilities Commission as part of the Integrated Resource Plan (IRP) proceedings, Minnesota Power said it will seek up to 400 megawatts of wind energy and 300 megawatts of regional solar energy. That’s nearly double what the company proposed in its initial Integrated Resource Plan filing, which called for the company to add 200 megawatts of wind and 200 megawatts of solar as part of its EnergyForward blueprint for achieving 100% carbon-free energy by 2050.

Also Read: Hover Energy Announces Launch of Scale Production of its Patented Wind-Powered Microgrid

“Before and during the state’s IRP process, we have prioritized listening and taking feedback from customers, communities and organizations that will benefit from our clean energy transition for all,” said Minnesota Power Chief Operating Officer Josh Skelton. “We are pleased that we could work with these stakeholders to reach an agreement that allows us to continue on our path to a carbon-free supply while also protecting safe and reliable energy at competitive rates.”

Over the next two weeks, the Minnesota Public Utilities Commission will consider the next steps in Minnesota Power’s EnergyForward plan as it holds two hearings to discuss the details of the company’s IRP. The Commission is expected to vote on the IRP on Nov. 22, including the agreement reached on increasing renewables.

If approved, under the agreement Minnesota Power will advance storage projects that support investment in its renewable portfolio and continue to evaluate the transition of Boswell Energy Center (Boswell Unit 3 will cease coal operations by 2030). Other resource considerations, including electric grid strengthening proposals such as the MISO Long-Range Transmission Plan and a previously approved natural gas power plant, have been deferred until future regulatory filings.

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