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Allete Clean Energy acquires Pennsylvania wind farm

Allete Clean Energy, a subsidiary of Duluth-based Allete, announced Thursday that it has closed on the purchase of a 100.5-megawatt Pennsylvania wind farm for $108 million.

Allete Clean Energy, a subsidiary of Duluth-based Allete, announced Thursday that it has closed on the purchase of a 100.5-megawatt Pennsylvania wind farm for $108 million.

Allete Clean Energy also will assume existing debt as part of its acquisition of the Armenia Mountain wind facility near Troy, Penn., from AES Corp.

The Armenia Mountain site includes 67 General Electric turbines installed in 2009, and Allete reported that all of the facility's energy output is sold through existing agreements extending through 2025.

"We look forward to entering the vibrant eastern U.S. market for renewable energy," Allete Clean Energy President Eric Norberg said in a news release. "We want to build upon our operational and entrepreneurial experience to add strategic locations."

Allete Clean Energy exercised an option to purchase the facility on April 1 and signed a purchase agreement on April 30. It is Allete Clean Energy's seventh wind facility.

Related Topics: MINNESOTA POWER
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