Montana-Dakota Utilities Co., a division of MDU Resources Group (NYSE:MDU) has signed an agreement to purchase a 107.5-MW wind farm being developed by ALLETE Clean Energy, a subsidiary of ALLETE, Inc. ((NYSE: ALE).
The North Dakota Thunder Spirit Wind project will feature 43 turbines.
“Our customer energy requirements are expected to grow at five percent per year for the next five years,” said Frank Morehouse, president and CEO of Montana-Dakota. “Not only does this project provide needed generation, but it also further diversifies our generation portfolio, boosting our renewable segment to 20 percent.”
The project’s cost is approximately $200 million and the purchase is subject to regulatory approvals.
The project is expected to be completed in December 2015.
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