Allete to purchase AES Pennsylvania wind facility for $108M

• Allete (NYSE:ALE) subsidiary Allete Clean Energy agrees to acquire the AES Armenia Mountain Wind 100.5 MW wind facility near Troy, Pa., from AES Corp. (AES) and a minority shareholder for $108M plus the assumption of existing debt.
• ALE says all the facility's energy output is sold through existing power purchase agreements that extend through 2025.
• This is the fourth wind facility ACE has acquired from AES and the seventh in its portfolio.