in News Departments > Projects & Contracts
print the content item

ALLETE Clean Energy, a subsidiary of ALLETE Inc., has finalized the purchase of operating wind farms in Lake Benton, Minn., Storm Lake, Iowa, and Condon, Ore., from The AES Corp. for $27 million.

All three wind farms - with a total output of 231 MW - have power purchase agreements in place for their entire electric output. Since the acquisition agreement was announced in November 2013, customary closing conditions have been met, including approval from the Federal Energy Regulatory Commission, ALLETE says.

“With this acquisition, ALLETE Clean Energy will establish core infrastructure that will allow us to expand to other wind or similar clean energy projects,” comments Eric Norberg, president of ALLETE Clean Energy. “It’s a significant and diverse first step in the implementation of new energy-centric projects.”

Most of the current AES employees who operate and maintain the three wind farms have opted to join ALLETE Clean Energy. The three facilities will be overseen by Dave Leveille, who was named director of asset management for ALLETE Clean Energy at the beginning of this year.

In November 2013, ALLETE Clean Energy also signed an option agreement to acquire a fourth wind farm - the 101 MW Armenia Mountain, Penn., project - from AES in mid-2015.




Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934