ALLETE, Inc. to be acquired by CPP Investments and GIP for $6.2bn

ALLETE, Inc. to be acquired by CPP Investments and GIP for $6.2bn

ALLETE, Inc., a prominent energy company known for its commitment to clean energy and reliable services, has entered into a definitive agreement for its acquisition by a partnership led by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP). The agreement stipulates a purchase price of $67.00 per share in cash, valuing […]

North Plains Connector project : Allete, Grid United partner to develop $2.5bn transmission line

North Plains Connector project : Allete, Grid United partner to develop $2.5bn transmission line

Clean energy company Allete and Grid United, a transmission company, have joined forces to develop the North Plains Connector project, a core transmission link in the US to increase the reliability of the nation’s electric grid, with approximately $2.5 billion investment. The transmission line will connect three regional US electric energy markets, namely the Midcontinent […]

Apex sells 303MW Diamond Spring wind project in Oklahoma to Allete

Apex sells 303MW Diamond Spring wind project in Oklahoma to Allete

US wind industry news : Apex Clean Energy has offloaded the 303MW Diamond Spring wind project in Oklahoma to Allete Clean Energy, a fully-owned subsidiary of Allete, for an undisclosed price, as per the latest energy acquisition news. Diamond Spring wind project location The Diamond Spring wind project, which will be located in Johnston and […]