ALLETE Clean Energy has fully recontracted Armenia Mountain Wind
November 19 2024 - 5:30AM
Business Wire
ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE:
ALE), has fully contracted the output of its Armenia Mountain Wind
site for another seven years through agreements with two
customers.
ALLETE Clean Energy acquired the 100.5-megawatt Armenia Mountain
Wind site near Troy, Pennsylvania, in 2015. Located in the dynamic
PJM electricity market near the New York-Pennsylvania border,
Armenia Mountain consists of 67 General Electric turbines installed
in 2009.
“That we have fully recontracted the Armenia Mountain Wind site
is a testament to the hard work and dedication of the team that
keeps turbines available at a high rate for customers who
increasingly desire more renewable energy,” said ALLETE Clean
Energy President Nicole Johnson. “With a new customer in a new
business segment, Armenia Mountain is poised to continue delivering
reliable, renewable energy.”
The most recently signed agreement for 50 percent of Armenia
Mountain’s output is with Smartest Energy US, an energy retail
partner and wholesale commodity trader that supplies flexible,
reliable and creative energy solutions to businesses in the United
States.
“Securing the Armenia Mountain Wind PPA marks a significant
milestone for SmartestEnergy and our U.S. Origination team,” said
SmartestEnergy US CEO Andy Cormie. “With ALLETE Clean Energy
entrusting us as a long-term partner for the Armenia Mountain
facility, we are able to successfully continue our expansion into
the U.S. energy markets, strengthen our generator strategy, and
work toward our ambition of becoming an industry-leading wholesale
power marketer that provides tailored products and solutions to our
customers.”
The other energy customer for Armenia Mountain is Old Dominion
Energy Cooperative, a generation and transmission cooperative based
in Virginia that serves the needs of 11 member cooperatives in
Virginia, Maryland and Delaware. Old Dominion was one of the two
original Armenia Mountain customers when the site started
operations in 2009 and elected to recontract with ALLETE Clean
Energy.
ALLETE Clean Energy owns, operates, and has delivered
build-transfer projects totaling more than 1,600 megawatts of
nameplate wind capacity across eight states. The company is
well-positioned to drive additional clean-energy sector growth.
ALLETE Inc. is an energy company headquartered in Duluth,
Minnesota. In addition to its electric utilities, Minnesota Power
and Superior Water, Light and Power of Wisconsin, ALLETE owns
ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, North
Dakota; and New Energy Equity, headquartered in Annapolis,
Maryland; and has an 8% equity interest in the American
Transmission Co. More information about ALLETE is available at
www.allete.com. ALE-CORP
The statements contained in this release and statements that
ALLETE may make orally in connection with this release that are not
historical facts, are forward-looking statements. Actual results
may differ materially from those projected in the forward-looking
statements. These forward-looking statements involve risks and
uncertainties and investors are directed to the risks discussed in
documents filed by ALLETE with the Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20241119721977/en/
Amy Rutledge Manager - Corporate Communications 218-723-7400
arutledge@allete.com
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