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Customers benefit from a healthier environment, communities benefit from local job creation and shared revenue.
MADISON, Wisconsin, July 9, 2021 (GLOBE NEWSWIRE) – With the approval of the Wisconsin Public Service Commission for the initial application for 675 megawatts of solar power, Alliant Energy begins construction of solar projects in Richland, Wood and Rock counties. The projects are included in the company’s Clean Energy Blueprint, a plan to cost-effectively accelerate the transition to renewables while reducing carbon emissions. “We are very excited to receive final approval from the PSCW,” said David de Leon, president of Alliant Energy’s Wisconsin energy company. “It’s a historic day as we move from planning and preparing to building our major solar projects. It’s a smart investment and creates a long-term, sustainable path to cleaner energy that supports our focused strategy of supporting customers and building strong communities. “Alliant Energy signs contract with Burns & McDonnell to build Bear Creek, Richland County , North Rock and Wood County projects that are built with unionized craftsmanship. Starting this fall, Ranger Power will expand the Onion River and Crawfish River projects. The Grant County project will be built by NextEra Energy Resources from spring 2022. All six projects were announced by Alliant Energy in May 2020.
|Project name||place||size||Is. start of building||Is. Construction completion|
|Bärenbach||Richland County||50 megawatts||Summer 2021||End of 2022|
|North rock||Rock county||50 megawatts||Summer 2021||Summer 2023|
|Wood County||Wood County||150 megawatts||Summer 2021||End of 2022|
|Onion flow||Sheboygan Countygan||150 megawatts||Autumn 2021||End of 2022|
|Crayfish||Jefferson County||75 megawatts||Autumn 2021||End of 2022|
|Grant County||Grant County||200 megawatts||Spring 2022||End of 2023|
In total, Alliant Energy has proposed 12 solar projects spanning dozens of communities in nine Wisconsin counties. Together they will expand the state power grid by almost 1,100 MW of solar power generation – enough to supply almost 300,000 households with electricity. The company is awaiting a decision from the PSCW on its second set of six projects, which were announced in March 2021. Once all 12 projects are approved and operational, Alliant Energy will become the largest solar owner and operator in the state of Wisconsin. “At a time when a lot is changing, these projects show our commitment to promoting clean energy and empowering the communities we serve,” added de Leon. “Most importantly, this solar investment will provide our customers with reliable, environmentally friendly energy for decades to come.” Along with the rest of the Clean Energy Blueprint, these projects will help customers save more than $ 2 billion in long-term costs . They will also generate steady income from new construction opportunities, create an estimated 2,000 construction jobs, and generate approximately $ 300 million in revenue for local communities and landowners over an estimated 30-year project life. The addition of solar energy across Wisconsin is also improving the environmental health of the communities Alliant Energy is serving as they transition to a cleaner energy mix. All solar construction is carried out in an environmentally friendly way, supports land protection and offers protection and prosperity to pollinators. Please visit Alliant Energy’s solar website for more information.Media contact: Cindy Tomlinson (608) 458-3869 | email@example.comInvestor Relations Contact: Zac fields (319) 786-8146 | firstname.lastname@example.org Alliant Energy Corporation (NASDAQ: LNT) provides regulated energy services to 975,000 electricity and 420,000 natural gas customers in Iowa and Wisconsin. Alliant Energy’s mission is to deliver energy solutions and exceptional service that customers and communities count on – safely, efficiently and responsibly. Interstate Power and Light Company and Wisconsin Power and Light Company are Alliant Energy’s two public energy companies. Alliant Energy is included in the Nasdaq CRD Sustainability Index, the Bloomberg Gender-Equality Index 2020 and the S&P 500. For more information, visit alliantenergy.com and follow us on LinkedIn, Facebook, Instagram and Twitter.
This press release contains forward-looking statements. These forward-looking statements can be identified by the fact that they describe plans or projects for solar power generation or contain words such as “plan”, “will”, “estimated”, “approximately” and words with a similar meaning. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those currently expected. Actual results could be affected by: the inability to obtain timely regulatory approvals or required approvals for the second set of six solar projects, including approval from the independent system operator Midcontinent; government regulatory measures that delay or reject the proposed solar power generation blueprint, or contain the conditions that make the blueprint for future generation uneconomical, including rate recovery levels and return on equity ability to obtain any remaining required regulatory and local permits and permits; unfavorable interpretation or enforcement of regulatory or licensing conditions; Ability to procure the necessary equipment and manpower on time; increased cost of equipment, raw materials used in equipment, labor, and real estate; Changes in tax laws that could affect solar projects’ eligibility for the expected amount of investment tax credits; unexpected construction problems, delays, or expenses; Failure of equipment and technology to perform as expected; current or future litigation, government investigation, proceeding, or investigation that could prevent Alliant Energy from executing its plans; the inability to agree to contractual terms or disputes in contractual terms; poor initial cost estimates; Work stoppages; adverse weather conditions; unforeseen technical or technological problems; political conditions in Alliant Energy’s service areas; limited access to capital or other proposed funding arrangements such as B. Tax equity financing; other adverse economic conditions; adverse effects of the COVID-19 pandemic and responses to the pandemic; and economic conditions in the service area of Alliant Energy. These factors should be considered in evaluating any forward-looking statements and undue reliance should be placed on such statements. The forward-looking statements contained herein are made as of the date of this release, and Alliant Energy and Wisconsin Power and Light Company undertake no obligation to publicly update such statements to reflect future events or circumstances.
Source: Alliant Energy Corporation