Allete Buys Two Minnesota Wind Farms From EDF for $47.5 Million

(Bloomberg) — Allete Inc., a U.S. energy provider, bought
two wind farms in western Minnesota with a combined 97.5
megawatts of capacity from a unit of EDF Renewable Energy Inc.

Allete paid $47.5 million for the Chanarambie and Viking
power plants near Lake Benton, the Duluth, Minnesota-based
company said in a statement Thursday. Xcel Energy Inc.’s
Northern States Power utility is buying the electricity
generated from the wind farms under a longterm contract.

The power plants are about 20 miles from a 104-megawatt
wind farm Allete acquired last year from AES Corp.

“This acquisition makes good sense from an efficiency
standpoint due to their proximity to the Lake Benton project we
acquired a year ago,” Eric Norberg, president of Allete Clean
Energy, said in the statement.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Jim Efstathiou Jr., Will Wade

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