ALLETE to Acquire 100.5-Megawatt Wind Power Facility in Pennsylvania

ALLETE to Acquire 100.5-Megawatt Wind Power Facility in Pennsylvania

SUGAR LAND--May 14, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--ALLETE Clean Energy (ACE), a wholly owned subsidiary of ALLETE Incorporated (NYSE:ALE) (Duluth, Minnesota), agreed to acquire AES Armenia Mountain Wind LLC, a 100.5-megawatt (MW) wind powerfacility near Troy, Pennsylvania, from AES Corporation (NYSE:AES) (Arlington, Virginia), and a non-controlling interest from a minority shareholder. The price tag was $108 million, plus the assumption of existing debt.

Within this article: Details on the AES Armenia Windfarm, including current schedules and expected customers.

Additional companies: General Electric (NYSE:GE)

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