ALLETE Clean Energy (ACE) has finalized the acquisition of a second wind project in Storm Lake, Iowa, adding another 108 MW to its renewable energy portfolio.
The wholly owned subsidiary of ALLETE paid $15 million to NRG Energy to acquire Storm Lake 1, which is adjacent to Storm Lake 2, a 78 MW wind farm purchased by ACE in January 2014.
Both projects use 750 kW Zond turbines, with Storm Lake 1 consisting of 144 units and Storm Lake 2 featuring 104 units.
"This acquisition creates immediate efficiencies with our first Storm Lake purchase, and it complements our expanding wind fleet," says ACE President Eric Norberg.
The Storm Lake wind farms will share an operations and maintenance facility, and both are operating under power sales agreements that extend another five years, Norberg notes.