News Release from GE Vernova

Wind Industry Profile of

GE Vernova

12/17/2020

GE Renewable Energy Announces 265 MW Turbine Order with ALLETE Clean Energy

Agreement includes 94 of GE’s 2.8-127 turbines and 15-year full-service agreement / Caddo Wind project completion expected in 2021

GE Renewable Energy today announced today a 265 MW onshore wind turbine order for ALLETE Clean Energy’s Caddo Wind farm, located in Caddo County, Oklahoma. The wind farm will utilize GE’s 2.8-127 turbines.

Construction on the project has begun, with commissioning expected in 2021. The agreement also provides for a 15-year full-service agreement.

Tim White, GE Renewable Energy’s CEO for Onshore Wind Americas, said: “GE Renewable Energy is proud to continue our relationship with ALLETE Clean Energy by working together on the Caddo wind farm. Our 2 MW platform leverages proven, reliable technology and is ideally suited for this part of the country at a time when the world needs access to clean, affordable energy.”

Caddo is the fourth wind farm GE Renewable Energy and ALLETE Clean Energy, a subsidiary of ALLETE (NYSE: ALE) have built together in the United States, and upon completion they will have a combined installed base of more than 750 MW.

Al Rudeck Jr., ALLETE Clean Energy’s President said: “We are pleased to once again partner with GE Renewable to bring more renewable energy to our nation’s grid and help our customers meet their sustainability goals. The 300-megawatt Caddo site will double ALLETE Clean Energy’s capacity to serve the accelerating corporate demand for clean energy, and is fully contracted for the first 12 years with three investment-grade Fortune 500 customers.”

As previously announced, McDonalds will purchase 200 MW from Caddo Wind through a power purchase agreement (PPA).

GE’s best-selling 2 MW product platform has a total installed capacity of 20 GW and operates at an industry-leading average of 98+ percent availability.

The US wind market continues to be strong. GE Renewable Energy has booked more than 2.5 GW of orders for onshore wind turbines in the United States through the first half of 2020, and was recognized by AWEA as the top manufacturers of wind turbines in the US in 2019, capturing 45% of new capacity additions as well as 46% of projects under construction or in advanced development of the total onshore wind installed nationwide.