“By meeting an aggressive timetable we are able to capitalize on the wind production tax credits to the benefit of our customers in providing a clean, cost-effective energy resource,” said Minnesota Power Chief Operating Officer Brad Oachs.Since 2005, Minnesota Power has been rebalancing its energy supply mix in ways that are smart, sensible and sustainable for its customers and the environment. With the addition of Bison 2 and 3 the company has achieved a 20 percent renewable mix and is well on its way to meeting Minnesota’s renewable energy goal that utilities provide 25 percent of their energy through renewable means by 2025. The company entered the wind energy business in 2006 and 2007 when it began purchasing the entire 98-MW output of the Oliver 1 and Oliver 2 wind farms built and operated by NextEra Energy in North Dakota. In 2008, Minnesota Power built its first wind farm, the 25-MW Taconite Ridge, on property owned by its largest electric customer, U.S. Steel, in Mountain Iron, Minn.
Minnesota Power Adds 210 Megawatts Of Clean, Low-Cost Wind Energy Generation To Serve Its Customers
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.