M&A Deal Summary

Montana-Dakota Utilities Acquires ALLETE Clean North Dakota Wind Farm

On November 24, 2014, Montana-Dakota Utilities acquired renewable energy company ALLETE Clean North Dakota Wind Farm from ALLETE Clean Energy for 200M USD

Acquisition Highlights
  • This is Montana-Dakota Utilities’ 1st transaction in the Renewable Energy sector.
  • This is Montana-Dakota Utilities’ largest (disclosed) transaction.
  • This is Montana-Dakota Utilities’ 1st transaction in the United States.
  • This is Montana-Dakota Utilities’ 1st transaction in North Dakota.

M&A Deal Summary
Date 2014-11-24
Target ALLETE Clean North Dakota Wind Farm
Sector Renewable Energy
Buyer(s) Montana-Dakota Utilities
Sellers(s) ALLETE Clean Energy
Deal Type Divestiture
Deal Value 200M USD

Target

ALLETE Clean North Dakota Wind Farm

Hettinger, North Dakota, United States
ALLETE Clean North Dakota Wind Farm power project, located near Hettinger, North Dakota, and comprised of 43 turbines producing 107.5 MW of electricity, is slated for completion.

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Buyer(S) 1

Buyer

Montana-Dakota Utilities

Bismarck, North Dakota, United States

website

Category Company
Founded 1924
Sector Utilities
DESCRIPTION

Montana-Dakota Utilities Co. supplies electricity and natural gas to residential and commercial customers.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

ALLETE Clean Energy

Duluth, Minnesota, United States

website

Category Company
Founded 2011
Sector Renewable Energy
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-31 AES - Wind Farms

United States

AES - Wind Farms, operates wind energy projects.

Buy $27M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 NRG Energy 108MW Storm Lake 1 Wind Farm

Iowa, United States

The 108MW Storm Lake 1 Wind Farm in Iowa of NRG Energy comprises wind farm with production capacity of 108 megawatt.

Buy $15M
Mergr

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