ALLETE Clean Energy - M&A Summary and Business Overview

Renewable EnergyCompany

ALLETE Clean Energy M&A Summary

ALLETE Clean Energy has acquired 5 companies. It has also divested 1 asset.

ALLETE Clean Energy’s largest acquisition to date was in 2015, when it acquired AES Armenia Mountain Wind for $108M. It’s largest disclosed sale occurred in 2014, when it sold ALLETE Clean North Dakota Wind Farm to Montana-Dakota Utilities for $200M. ALLETE Clean Energy has acquired in 4 different US states. The Company’s most targeted sectors include renewable energy (80%) and utilities (20%).

ALLETE Clean Energy Business Overview

Where is ALLETE Clean Energy headquartered?

ALLETE Clean Energy is headquartered in Duluth, Minnesota.

What sector is ALLETE Clean Energy in?

ALLETE Clean Energy is a renewable energy company.

When was ALLETE Clean Energy founded?

ALLETE Clean Energy was founded in 2011.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

ALLETE Clean Energy

30 West Superior Street Suite 200,
Duluth, Minnesota 55802
United States,
(218) 355-3232
www.allete.com/our_businesses/allete_clean_energy.php

ALLETE Clean Energy develops capital projects to create energy solutions by way of wind, solar, biomass, hydro, natural gas, shale resources, clean coal technology and other emerging energy innovations.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $225M $225M
Sell (0.0/yr) # 1 - - - - - 1
vol $200M $200M
  6

Most Recent M&A

Company Date Value Type
AES Armenia Mountain Wind LLC 2015-07-02 108M USD Divestiture
Mainesburg,, Pennsylvania
EDF Renewable 97.5 MW Wind Generation Facility 2015-04-16 48M USD Divestiture
Lake Benton, Minnesota
NRG Energy 108MW Storm Lake 1 Wind Farm 2014-12-18 15M USD Divestiture
, Iowa
ALLETE Clean North Dakota Wind Farm 2014-11-24 200M USD Divestiture
Hettinger, North Dakota
AES - Wind Farms 2014-01-31 27M USD Divestiture
, United States
AES Corp Wind Farms In Minnesota, Iowa And Oregon 2014-01-31 27M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 4 (80%) 198M (88%) 1 (100%) 200M (100%)
Utilities 1 (20%) 27M (12%) - -
Total 5 $225M 1 $200M

By Geo

State/Country Buy Value Sell Value
United States 5 225M 1 200M
  Minnesota 1 48M - -
  Iowa 1 15M - -
  Pennsylvania 1 108M - -
  North Dakota - - 1 200M
Total 5 $225M 1 $200M

Deal Values

buy # Total
$100M to $1B 1 $108M
< $100M 4 $117M
TOTAL $225M
Largest AES Armenia Mountain Wind LLC
$108M (2015-07-02)
sell # Total
$100M to $1B 1 $200M
TOTAL $200M
Largest ALLETE Clean North Dakota Wind Farm
$200M (2014-11-24)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
5 (100%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Renewable Energy

Established

2011

Subsidiary of

ALLETE

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