Allete Power Assets

Allete Power Assets

Project Type
Greenfield
Sector
Power/Conventional power
Project Stage
Start of operations
Region
North America
North America
Country
United States

Project Overview

Project cost
$6.2bn
Financial Stage
Financial close

Ownerships

Date: 16 Dec 2025
Company Percentage
Global Infrastructure Partners (GIP) 50.00 %
Canada Pension Plan Investment Board 50.00 %

Project Deals

Acquisition of Allete by GIP and CPP - Financing
$1.35bn
Dec 2025
Project & Infrastructure Finance
Conventional power
North America
North America
United States