ALLETE Clean Energy has fully recontracted Armenia Mountain Wind
ALLETE Clean Energy has secured new seven-year contracts for its Armenia Mountain Wind site's full output. The 100.5-megawatt facility, located near Troy, Pennsylvania, will split its output between two customers: Smartest Energy US (50%) and Old Dominion Energy Cooperative. The wind site, acquired in 2015, consists of 67 General Electric turbines and operates in the PJM electricity market. Old Dominion, one of the original customers since 2009, has chosen to renew its contract. This development strengthens ALLETE Clean Energy's position in the renewable energy sector, where it operates over 1,600 megawatts of wind capacity across eight states.
ALLETE Clean Energy ha ottenuto nuovi contratti settoriali di sette anni per la produzione totale del suo sito eolico Armenia Mountain Wind. L'impianto da 100,5 megawatt, situato vicino a Troy, Pennsylvania, dividerà la sua produzione tra due clienti: Smartest Energy US (50%) e Old Dominion Energy Cooperative. Il sito eolico, acquisito nel 2015, è composto da 67 turbine General Electric e opera nel mercato elettrico PJM. Old Dominion, uno dei clienti originali dal 2009, ha scelto di rinnovare il suo contratto. Questo sviluppo rafforza la posizione di ALLETE Clean Energy nel settore delle energie rinnovabili, dove gestisce oltre 1.600 megawatt di capacità eolica in otto stati.
ALLETE Clean Energy ha asegurado nuevos contratos de siete años para la producción total de su sitio eólico Armenia Mountain Wind. La instalación de 100.5 megavatios, situada cerca de Troy, Pennsylvania, dividirá su producción entre dos clientes: Smartest Energy US (50%) y Old Dominion Energy Cooperative. El sitio eólico, adquirido en 2015, cuenta con 67 turbinas de General Electric y opera en el mercado eléctrico PJM. Old Dominion, uno de los clientes originales desde 2009, ha optado por renovar su contrato. Este desarrollo fortalece la posición de ALLETE Clean Energy en el sector de energías renovables, donde opera más de 1,600 megavatios de capacidad eólica en ocho estados.
ALLETE Clean Energy는 Armenia Mountain Wind 사이트의 전체 생산량에 대한 7년 신규 계약을 체결했습니다. 펜실베이니아 주 트로이 근처에 위치한 100.5메가와트 시설은 두 고객에게 생산량을 분배합니다: Smartest Energy US (50%)와 Old Dominion Energy Cooperative. 2015년에 인수된 이 풍력 사이트는 67개의 제너럴 일렉트릭 터빈으로 구성되어 있으며 PJM 전력 시장에서 운영됩니다. Old Dominion은 2009년부터의 기존 고객 중 하나로, 계약 연장을 선택했습니다. 이 개발은 ALLETE Clean Energy의 재생 에너지 분야에서의 입지를 강화하며, 이 회사는 8개 주에서 1,600메가와트 이상의 풍력 용량을 운영하고 있습니다.
ALLETE Clean Energy a sécurisé de nouveaux contrats de sept ans pour la production totale de son site éolien Armenia Mountain Wind. L'installation de 100,5 mégawatts, située près de Troy, en Pennsylvanie, répartira sa production entre deux clients : Smartest Energy US (50%) et Old Dominion Energy Cooperative. Le site éolien, acquis en 2015, est composé de 67 turbines General Electric et opère sur le marché électrique PJM. Old Dominion, l'un des clients initiaux depuis 2009, a choisi de renouveler son contrat. Ce développement renforce la position d'ALLETE Clean Energy dans le secteur des énergies renouvelables, où il exploite plus de 1 600 mégawatts de capacité éolienne dans huit États.
ALLETE Clean Energy hat neue siebenjährige Verträge für die volle Leistung seiner Windkraftanlage Armenia Mountain Wind gesichert. Die 100,5 Megawatt-Anlage, die sich in der Nähe von Troy, Pennsylvania, befindet, wird ihre Leistung zwischen zwei Kunden aufteilen: Smartest Energy US (50%) und Old Dominion Energy Cooperative. Der im Jahr 2015 erworbene Windstandort besteht aus 67 General Electric-Turbinen und betreibt im PJM-Energie-Markt. Old Dominion, einer der ursprünglichen Kunden seit 2009, hat sich entschieden, seinen Vertrag zu verlängern. Diese Entwicklung stärkt die Position von ALLETE Clean Energy im Bereich der erneuerbaren Energien, in dem sie über 1.600 Megawatt Windkapazität in acht Bundesstaaten betreibt.
- Secured full output contracts for Armenia Mountain Wind site for seven years
- Retained long-term customer Old Dominion Energy Cooperative
- Added new customer Smartest Energy US, expanding business segments
- Maintains stable revenue stream through long-term power purchase agreements
- None.
Insights
The successful recontracting of Armenia Mountain Wind facility represents significant value preservation for ALLETE Clean Energy. The 7-year extension for the full 100.5 MW capacity, split between SmartestEnergy US and Old Dominion Energy Cooperative, ensures stable revenue streams in the competitive PJM market. The retention of Old Dominion as a long-term customer since 2009 demonstrates strong operational performance and reliability of the asset.
The deal diversifies ALLETE's customer base by adding SmartestEnergy US, a growing energy retailer, while maintaining the relationship with a established utility cooperative. The facility's strategic location near the NY-PA border in the PJM market provides valuable geographic and market exposure, particularly as renewable energy demand continues to grow in the Northeast region.
ALLETE Clean Energy acquired the 100.5-megawatt Armenia Mountain Wind site near
“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
“Securing the Armenia Mountain Wind PPA marks a significant milestone for SmartestEnergy and our
The other energy customer for Armenia Mountain is Old Dominion Energy Cooperative, a generation and transmission cooperative based in
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
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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Amy
Manager - Corporate Communications
218-723-7400
arutledge@allete.com
Source: ALLETE Inc.
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