ALLETE Clean Energy has fully recontracted Armenia Mountain Wind
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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Source: Business Wire
DULUTH, Minn.--(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 S
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