Allete Clean Energy has agreed to acquire 100 per cent of AES Armenia Mountain Wind, LLC, (Armenia Mountain) a 100.5MW wind facility near Troy, Pa., from The AES Corporation (AES) and a non-controlling interest from a minority shareholder for a total of US$ 108 million, plus the assumption of existing debt.
Located in the busy PJM electricity market near the New York-Pennsylvania border, Armenia Mountain's 67, 1.5MW General Electric wind turbines were installed in 2009. All the facility's energy output is sold through existing power purchase agreements that extend through 2025.
