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ALLETE Clean Energy Mergers & Acquisitions

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 Co. 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%).

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

All (6) Buy (5) Sell (1)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2015-07-02 AES Armenia Mountain Wind LLC · Renewable Energy
Mainesburg,, Pennsylvania

AES Armenia Mountain Wind LLC, a 100.5-megawatt (MW) Pennsylvania wind farm. Armenia Mountain consists of 67 General Electric turbines installed in 2009. All of the facility’s energy output is sold through existing power purchase agreements that extend through 2025.

108 Divestiture

ALLETE Clean Energy

AES

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