Allete Inc gains on selling 92 megawatt wind project

ALLETE

05/04/2023 15:53

** Shares of clean energy company Allete Inc  ALE.N  up 1.5%
at $64.7
    ** Co's unit sells about 92 megawatt Red Barn wind project
to a unit of WEC Energy Group  WEC.N  and Madison Gas and
Electric Co
    ** The wind project located in southwestern Wisconsin can
power about 50,000 homes - ALE
    ** Up to last close, ALE stock was down ~1% YTD

 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))